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.”
The Times has announced its long-awaited (and -feared) digital subscription plan: “Under the plan, which begins on March 28, visitors to NYTimes.com will be able to read 20 articles a month free. The most frequent users will pay $15 a month; print subscribers will have unlimited access.” A letter to readers about the plan from Publisher Arthur Ochs Sulzberger Jr.
Seeing as the latest Dave Eggers book consists of all dialogue, it’s a good time to look back on the history of all-dialogue novels. Alexander Kalamaroff, writing for The Rumpus, identifies a few examples, among them The Waves by Virginia Woolf and numerous works in Sixty Stories by Donald Barthelme.
“When danger or pain press too nearly, they are incapable of giving any delight, and are simply terrible; but at certain distances and with certain modifications, they may be, and they are delightful, as we every day experience. The cause of this I shall endeavour to investigate further.” David Shields quotes Edmund Burke in an interview about his new book War Is Beautiful.
Along with the dreaded switch to Daylight Wastings Time, the first of the month brings new issues of Open Letters Monthly and N1BR. Between the two of them, you can find, among other things, reviews of Where the Wild Things Are, J.M. Coetzee‘s Age of Iron, Bob Seger, and the Complete Bloggings of Caleb Crain.
Recommended Listening: an interview with David Foster Wallace recorded the year Infinite Jest was published. Pair with these interviews and thoughts about what we mean when we talk about “rare” recordings.