The Facebook IPO was this week’s biggest story. The social media giant, which boasts 800 million members, is seeking a $75-$100 billion market valuation. But hold your horses, investors. A lot of that optimism could be empty hype. After all, look at the site’s requested valuation as a percentage of its 2011 revenue, and compare it to other tech giants like Google and Microsoft. Also, contrary to Mark Zuckerberg’s claim, most of the world does not, in fact, “have access to the internet or mobile phones.”
“I think you are abusing your power, and I find it hard to believe that you have thought it through thoroughly.” Norway’s largest newspaper, Aftenposten, has published a front-page letter to Mark Zuckerberg after Facebook censored an iconic image from the Vietnam war. The Pulitzer Prize-winning photograph of a naked nine-year-old Kim Phúc running away from a napalm attack was deleted from a post about seven images “that changed the history of warfare.”
As part of his research for his recent treatise on office life, Cubed, n + 1 editor Nikil Saval looked back on his own years in an open office. In an interview with Sara Scribner, he talks about his growing awareness that it wasn’t good for his health: “It was sociable in some good senses, but also mostly not a pleasant place to be.”
“Why write in an unlovable genre with an inevitably hectoring tone? Dystopia, situated in a dangerous no-man’s-land between the pulpit of the preacher and the safe sniper post of the satirist.” Future futurists, take note: the New York Review of Books reviews Chang-Rae Lee’s addition to your dystopic shelf, On Such a Full Sea, and ponders the virtues of the dystopic endeavor itself. (Bonus: Lee writes about his own 2013 Year in Reading here at The Millions.)
New this week is Marilynne Robinson’s collection of essays When I Was a Child I Read Books. Also out are Arcadia by Lauren Groff, The Vanishers by Heidi Julavits, and The Reconstructionist by Nick Arvin. Finally, the collected writings of the late and beloved critic John Leonard, Reading for My Life, is now out.