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Joel Osteen, the American pastor, is believed to be worth $60MM. That accumulation of wealth would not have been possible without television. But as millennials increasingly consume content on their phones and computers, old terrestrial networks may not offer the same scale of opportunity. We can expect video-streaming to mint the next generation... See more

Zuckerberg continued: “When we talk about giving favorable terms [to creators], it's actually not just the economics. I think it's also the portability, so that we creators know that if they start building up a business here, that they're not just gonna be locked in, and will be able to take it to different places.”

Journals rely on subsidies and subscriptions from institutional libraries, which pay enormous and growing costs to access articles. People outside of large institutions, without library subscriptions, are largely shut out from reading publicly funded academic research as well as reading the comments that reviewers have made on a paper. And despite... See more

Although they’re often derided as irrational, or gamblers, or YOLO traders, retail traders might be behaving perfectly rationally when you price in everything else that they’re buying: an experience, a status symbol, a digital good, belonging, entertainment, education, and more.