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.”
John Steinbeck’s son criticizes the state of Texas for invoking Of Mice and Men‘s Lennie Small, in ruling that certain mentally retarded individuals can be sentenced to the death penalty. The great-great-great granddaughter of Herman Melville wonders where her great-great-great-grandfather’s editor was when he wrote Moby Dick.
“Look. There are are only two truly great science fiction movies. The first is Stanley Kubrick’s 2001…The second is Blade Runner…You may disagree with this statement. You would be wrong. Let’s move on.” Damien Walter at Guardian accuses Hollywood of screwing up science fiction.
Authors are known to mine material from their personal relationships for their writing, but John Updike found inspiration from his interviews. After journalist William Ecenbarger wrote a profile of Updike in 1983, he found himself the subject of an Updike short story. Pair with: Our review of Updike’s Collected Stories.