Spies Like Us

Last week the Obama Administration announced that it would be shortly submitting legislation intended to force providers of all kinds of digital communication services (mail, voice, chat, Twitter, etc.) to install back doors in their services to allow government monitoring of all encrypted digital communication.  No explicit details were given of how this is going to work, nor has the actual legislation yet been introduced.  Hopefully it never will, because it simply won’t work.

It’s not that such technical back doors can’t be written (they can), nor is it even so onerous to force communication providers to change all their software since these services are rewritten often anyway.  The problem is that such back doors will […]

Crunch Time at AOL

TechCrunch, a company made up of tech blogs somewhat like this one as well as classified advertising and some events, announced its sale last week to the new-old AOL for a price widely, broadly, and deeply rumored to be $30 million. Nobody will officially confirm this price but I have no reason to believe $30 million is wrong. It is way too high, but it probably isn’t wrong. The better question is why would AOL pay TechCrunch four times what it is actually worth?

I think I know why.

Since I am not known as an equity analyst, you might wonder what makes me believe that TechCrunch is worth only a quarter of the rumored […]