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.”
"How are their vacations? Do they inspire envy in a way that’s beguiling, or merely crass? Are they eating in the right places?" In the past year, 30 billion photographs were uploaded to Instagram; 80 million go up every day. On the iPhone as camera lucida. Related: the pornification of food.
In November, Matt Kish will write a series of guest posts for Tin House’s Open Bar Blog. He’ll be “exploring some of the ideas and processes behind five of [his] Heart of Darkness illustrations.” Over on his personal blog, however, he’s asking for readers to help him select which five pieces he should discuss. Kish, who has previously illustrated the pages of Moby Dick, was recently mentioned in our Great Second-Half 2013 Book Preview.
Out this week: Nutshell by Ian McEwan; Jerusalem by Alan Moore; Commonwealth by Ann Patchett; Black Wave by Michelle Tea; Umami by Laia Jufresa; Loner by Teddy Wayne; Little Nothing by Marisa Silver; Every Kind of Wanting by Gina Frangello; Avid Reader: A Life by Robert Gottlieb; This Vast Southern Empire by Matthew Karp; When in French by Lauren Collins; and Intimations by Alexandra Kleeman. For more on these and other new titles, go read our Great Second-Half 2016 Book Preview.
New this week: The Miniaturist by Jessie Burton; The Story of Land and Sea by Katy Simpson Smith; Lisette’s List by Susan Vreeland; Fives and Twenty Fives by Michael Pitre; Mr. Tall by Tony Earley; and Love, of a Kind by Felix Dennis. For more on these and other new titles, check out our Great Second-half 2014 Book Preview.