Web startups are made out of two things: people and code. The people make the code, and the code makes the people rich. Code is like a poem; it has to follow certain structural requirements, and yet out of that structure can come art. But code is art that does something. It is the assembly of something brand new from nothing but an idea. More »

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An ode to the father of the electric age. View

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This electronics site's Apple rumors consistently make news -- but are wrong far more often than they're right. Why does everyone continue to take them seriously?

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When Eduardo Saverin was 13, his family discovered that his name had turned up on a list of victims to be kidnapped by Brazilian gangs. Saverin’s father was a wealthy businessman in São Paulo, and it was inevitable that he’d attract this kind of unwanted attention. Now the family had to make a permanent decision. They hastily arranged a move out of the country. And of all the places in the world they could move to, the Saverin family saw only one option. They took their talents to Miami. Would ...  show all text

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“I am honored to be doing this cover. It’s a celebratory moment for our country, and that’s what I tried to capture. (I don’t especially like those rainbow colors, but they are what they are—I had to use them.) I wanted to celebrate the bravery of the President’s statement—a statement long overdue—but all the more appreciated in this political year. We are on the right side of history.” —Bob Staake, the artist who created “Spectrum of Light,” the cover of next week’s issue.

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One man’s ruthless, relentless pursuit of market minutiae.

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We weren’t sure about this one at first, but now we have two independent sources confirming that AOL is exploring the sale of its cornerstone technology sites Engadget and TechCrunch. The two would likely be sold together as AOL Tech, possibly including smaller assets like TUAW and Joystiq. The asking price? A hefty $70 million to $100 million. AOL is hoping to make something off the drama of the past couple of years: $70 million would net the struggling Internet company about $10 million profit  show all text

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Are you annoyed by all those automatic Facebook news apps? Apparently you're not alone. They're falling off a cliff right now. The Washington Post was the first publication to experiment with a "frictionless" social reader app, which launched last year. If you use Facebook you've probably come across it: it manifests as a clustered list of stories that are almost completely unrelated except for the fact that they all come from the same publication. If you decide to click on a link it doesn't ...  show all text

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More than two decades after selling lifetime passes for unlimited first-class travel, American Airlines begins scrutinizing the costs — and the customers.

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I first met Adam Yauch in 1982, in Brooklyn, when I was fifteen. I was sitting on the red steps in the lobby of St. Ann’s, where I was a sophomore in high school. His bandmate, Michael Diamond, was a grade ahead of me. Occasionally Mike and I would talk about records and argue. We talked about doing a newsletter, but that was also just talk. His hardcore band, the Beastie Boys, was getting bigger in the very small pond of downtown Manhattan. (In the nineteen-eighties, folks didn’t play rock mus...  show all text

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Beastie Boys rapper MCA -- real name Adam Yauch -- has died. In 2009, MCA announced he was being treated for a cancerous parotid gland and a lymph node (below). He has since undergone surgery and radiation therapy. 11:30 AM PT -- MCA's publicist just released a statement, writing, "It is with great sadness that we confirm that musician, rapper, activist and director…

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Web video is supposed to disrupt cable TV. And maybe it will, one day. In the meantime, the cable guys are doing just fine. Here’s a proof point: Discovery Communications, parent of the Discovery Channel, has purchased Revision3, a Web video start-up that makes and distributes its own shows, like “Tekzilla” and “Epic Meal Time.” Discovery isn’t disclosing a purchase price, but multiple sources familiar with the transaction tell me the cable guys will pay around $30 million for the start-up. The...  show all text

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It's official. To transition from a startup into a late-stage company that aims to be around for 100 years, Evernote today confirms it's raised a $70 million Series D round of funding at a $1 billion valuation.  Meritech Capital and CBC Capital were chosen to lead the round because they're the firms that can help Evernote prepare for an eventual IPO.Evernote doesn't need the money. It still has much of the $96 million that it's raised to date in the bank plus over one million paying customers o...

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As Facebook prepares for an IPO on May 18, some advertisers with big spending accounts are doubting whether they're getting their money's worth buying new forms of ads on the social network.

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As you know, we've been adding some members to the Verge team over the last couple of months. Just recently, we brought on the brilliant and talented Scott Lowe, Nate Ralph, Amar Toor, and Josh...

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If there were one lesson I'd want to impress upon people who are interested in succeeding in the technology industry, it would be, as I've said before, know your shit. Know the discipline you're in, know the history of those who've done your kind of work before, understand the lessons of their efforts, and in general look beyond the things that are making noise right now in order to understand bigger patterns of how technology works, both literally and socially. This is a difficult challenge, b...  show all text

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Small start-ups that make money often find it difficult to recruit additional investment. By keeping their revenue at zero, they can pluck a projected valuation out of thin air.

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Apple serves as a window on how technology giants have taken advantage of tax codes written for an industrial age and ill suited to today’s digital economy.

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Hyman Strachman found a fulfilling hobby after his wife died: sending hundreds of thousands of illicitly copied Hollywood hits to troops in Iraq and Afghanistan.

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Facebook is a social utility that connects people with friends and others who work, study and live around them. People use Facebook to keep up with friends, upload an unlimited number of photos, post links and videos, and learn more about the people they meet.

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Photo: Garry McLeod Last spring Sam Fiorella was recruited for a VP position at a large Toronto marketing agency. With 15 years of experience consulting for major brands like AOL, Ford, and Kraft, Fiorella felt confident in his qualifications. But midway through the interview, he was caught off guard when his interviewer asked him for his Klout score. Fiorella hesitated awkwardly before confessing that he had no idea what a Klout score was. Also in this issue The Man Who Makes the Future How ...  show all text

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The State of the Web - Spring 2012 View

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Just like the Loch Ness Monster, you may have heard the rumors about Google Drive. It turns out, one of the two actually does exist. Today, we’re introducing Google Drive—a place where you can create, share, collaborate, and keep all of your stuff. Whether you’re working with a friend on a joint research project, planning a wedding with your fiancé or tracking a budget with roommates, you can do it in Drive. You can upload and access all of your files, including videos, photos, Google Docs, PD...  show all text

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Now what the hell is you lookin’ for? Can’t a young man get money anymore? Let my pants sag down to the floor Really do it matter as long as I score? —Mase, Lookin’ at me Two years ago we invested $250,000 in Instagram. Thanks to the spectacular vision and effort of Kevin Systrom and the Instagram team, the investment will be worth $78,000,000 when the Faceboook acquisition closes. The work that Kevin and team did will go down as legend in the industry and we thank them immensely. We also thank  show all text

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Confronted with evidence of widespread corruption in Mexico, top Wal-Mart executives focused more on damage control than on rooting out wrongdoing, an examination by The New York Times found.

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Three years into his new gig as a venture capitalist, Marc Andreessen has already scored big wins on his investments in Skype, LinkedIn and, if all goes well, Twitter. But he does not always win. Here is the tale of how one of Silicon Valley's most prominent investors bunted on Instagram.

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