Here's a finance riddle: how would you short London's property bubble? House prices are up GBP50K in the last six months, our freeholder is making noises about either buying or forcing us out in order to build a giant tower, and they sold off Scotland Yard (!). They say the market can stay irrational longer than you can stay solvent, and I've been marvelling at the irrationality of London's property market since I moved there in 2003. Just for the sake of argument, if you wanted to put a bet down on a property value crash, how would you make it?
There was a time when AOL was on track to becoming the biggest media empire in the world (in 2000 AOL bought Time Warner for $182 billion). There was a time when Yahoo was synonymous with the World Wide Web (in 1999 its market cap was $125 billion). Today Verizon managed to get fifty cents… READ THE REST
China's Ant Group plans to sell off its U.S.-based biometric security firm EyeVerify, which identifies you by scanning your eyeballs. The sale comes as tension grows between Beijing and Washington over how and where sensitive user data is hosted, the Financial Times reports. From Reuters: EyeVerify, based in Kansas City, Missouri, designs eye verification technology… READ THE REST
RIP, NRA. Thoughts and prayers. The National Rifle Association has filed for bankruptcy, and the organization will legally move from New York to Texas, with plans to operate as a non-profit. The NRA lists assets and liabilities between $100 million and $500 million each, and its bankruptcy petition is signed by Wayne LaPierre. Here's the… READ THE REST
Microsoft has Windows. Apple has Mac OS. Between them, they're the operating systems running 92 percent of the computers in the world. And they were created, developed, owned, and sold as proprietary software by those two companies for use on their particular machines. Linux? Linux is the very definition of a free agent. A versatile,… READ THE REST
Not too many years ago, just about every home had a basic printer for handling a variety of household projects from protecting major documents to printing reports or information from the web. More upscale households even had laser printers or photo quality printers for creating high-end images that were virtually indistinguishable from photographs. That's not… READ THE REST
It may all seem like fun, but game developers don't have it easy. In addition to trying to infuse next-level creativity into the hard-and-fast rigors of coding and unforgiving tech, they're also trying to keep an eye on innovations that could change the whole development arena as we know it. It wasn't all that long… READ THE REST