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In the following years, before the Facebook IPO, Milner vehicles DST and Mail.ru increased their positions in Facebook, pleasing their investment partners by offering to take their shares off their hands if they lost their nerve, and pleasing Facebook by financing an 8–10 percent stake in the compa…

As Google grew, it combined the monopolistic business strategy of Microsoft with the disrupting scraper speed of Napster. It’s a potent combination, and it left Google strong enough to defend its book scanning from the Authors Guild all the way to the top courts. Not even Bill Gates himself could h…

The real problem with the delivery dot-coms was that the people running them didn’t understand their historical context. In 2013, Peter Relan, the founding head of technology at Webvan, published a post on TechCrunch discussing why the company failed and how the next round of delivery start-ups cou…

Despite some victories on the cultural and legal fronts, Netscape had to match Microsoft and give up on charging users in the meantime. Software tended toward free, and the internet was made of software. Netscape pivoted to advertising, which became the standard move for companies with nothing to s…

To speak about crime in this context, even critically, is to accept a classed definition. Wage theft, stock fraud, and tax evasion are serious crimes, and they escalated dramatically in this period, but those are not the traditional referents for the 1990s “crime wave” discourse, because we have co…