Tagged: coordination

Social Capital and Regular Capital

So….. Facebook’s stock is dropping a bit. Ignoring the major explanations: a bank that didn’t underprice the stock to take piles of money off of a tech company, a big honking tech bubble, etc., there’s something else going on. We all have this basic feeling that Facebook is actually hugely...

Money and the Internet

I’ve written before about how things that used to involve money and companies, and therefore appear in “the economy”, no loger have to do so, thanks to the internet. If I needed a place to crash in a strange city, I used to have to pay a hotel. Now I...