Patent trolls celebrate as Trump's new rules breathes fresh life into parasitic grifter capitalism

A golden age of blackmail began in 1996, when the US Patent and Trademark Office created extremely generous criteria for when software could be patented, allowing every shitty grifter to register a patent for $SOMETHING_OBVIOUS (with a computer) -- thanks to the USPTO's laid-back approach to searching prior art, several people could patent the same obvious thing. Read the rest

Uber is a "bezzle," doomed to disappoint the suckers who buy into its IPO

Writing in New York Magazine, Naked Capitalism's Yves Smith draws on Hubert Horan's outstanding series on the underlying economics of Uber to describe why the company's IPO will be a terrible bet for the investors who buy into it. Read the rest