economy

  • Here In Silicon Valley, Are We Killing Jobs And Making The Rich Richer?

    Here In Silicon Valley, Are We Killing Jobs And Making The Rich Richer?

    As the Occupy Wall Street movement keeps growing, many of the issues raised by the protestors continue to gain support from the average American. In particular, the erosion of the middle class due to job losses and the increasingly large income gap have become key issues in the 2012 presidential elections. At the moment, Wall Street and big corporations are getting the lion’s share of blame… Read More

  • Why a Bad Economy Is the Best Time to Start a Business

    Why a Bad Economy Is the Best Time to Start a Business

    A guest post by Adam L. Penenberg While researching my latest book, Viral Loop, an in-depth look at how companies like Facebook, Twitter, Flickr, Skype and others grew so big so fast, it occurred to me that each of them was founded when the economy was flat, bad, or worse, in recession. I suppose that describes virtually any company founded since the dot com bust, but what's interesting is that… Read More

  • Because of the recession, y'all watched a lot of TV this year

    Because of the recession, y'all watched a lot of TV this year

    The Media Democracy Survey tries to ascertain America's entertainment habits. It comes out every year, and this year's edition just went live. As you might image, the terrible economy played a major role in the way Americans went about their business this past year. In fact, it turns out that Americans now watch (well, watched in the past year) an average of 18 hours of TV per week, which is up… Read More

  • Does anyone in tech pay attention to unemployment numbers? Hard to buy that new gizmo when you don't have a job, right?

    Does anyone in tech pay attention to unemployment numbers? Hard to buy that new gizmo when you don't have a job, right?

    Writing about tech is so peculiar. On one hand we're expected to be enthusiastic about the things we cover; no one wants to see us being negative and dismissive about every little thing. That's no fun. On the other hand, you don't want a bunch of ninnies bleating on about how great this year's piece of plastic is compared to last year's. How is that useful to anyone? A bit of skepticism is… Read More

  • Sony Ericsson posts fourth quarterly loss

    Sony Ericsson posts fourth quarterly loss

    Let’s pour a little out for Sony Ericsson because if they’re not dead now they’re dying rapidly. The phone maker posted a loss of $300 million for Q2, it’s fourth consecutive quarter of lagging earnings. What’s the problem? They’re not releasing anything anyone wants. The X1 was a dud and the rest of their new line hasn’t been announced yet. They’re… Read More

  • Dell way down this year

    Dell way down this year

    Dell, a company that makes computers, is down 63 percent from $784 million last year, leaving them at $290 million in net income. Total revenue fell $12.34 billion. Mr. Dell himself isn't very worried - he expects a replacement cycle to hit with the launch of Windows 7. Market share fell 34 percent in desktop sales and 20 percent in notebook sales, leaving plenty of room for growth, I guess. Read More

  • CircuitCity.com's very shady return policy

    CircuitCity.com's very shady return policy

    Well, now I'm not shopping at CircuitCity.com or Best Buy. Seriously. The new CircuitCity.com launched under new management last week we found the following statement within the return policy section. Some manufacturers have implemented returns restrictions that prevent CircuitCity.com from being able to accept returns or offer exchanges, replacements or credits on their products for any reason. Read More

  • iPhone apps getting cheaper

    Distimo, a young Dutch company that is entering the slowly but surely saturating market of mobile application distribution and monitoring services, has just released an interesting report about Apple's App Store. It contains some noteworthy findings about iPhone app pricing and the significant influence prices have on ranking. Eventually, Distimo aims to release market-wide data on all… Read More

  • T-Mobile tries to help you shrink your bills

    T-Mobile USA announced today a new campaign dedicated to helping people save money on their wireless service, and the carrier is not only using the lovely Catherine Zeta-Jones as the face of the campaign again, they're also giving a huge vote of confidence and a heap of exposure to Redwood City, CA-based startup BillShrink. People can now visit the T-Mobile website or one of its retail stores… Read More

  • Sony Ericsson needs $135 million

    Sony Ericsson needs $135 million

    Sony Ericsson will need a hot cash injection of 100 million euro ($135 million) to survive after March 2010. Sony and Ericsson will both be raising cash in order to keep this dog afloat for a while longer and the company is cutting “one in five” jobs. The real question: Will they be missed? Read More