Gawker media spoils for a fight. Gawker Media founder Nick Denton has always seemed to enjoy his role as journalism's bete noir. Most recently, Denton "gleefully bought an iPhone prototype left behind in a California bar and then cracked it open like a raw oyster for all to see," writes David Carr in yesterday's New York Times. The stunt was spectacularly effective as a means of generating traffic and buzz for Denton's blog, Gizmodo, but it raised the hackles of Apple, which claimed that the iPhone amounted to stolen property. Now, Denton seems primed for a legal fight. Yesterday, Gawker Media disclosed that one of its editors' offices had been raided by San Mateo police. Denton immediately sent Twitter messages defending his company's actions on the grounds of free speech and noting that Apple sits on the steering committee of the police force that had conducted the search. We're not sure how this battle with end, but we're certain it will be interesting to watch.
The best in out-of-office auto-respondersGuy Kawasaki unearthed this post from self-professed marketing geek Dave Duarte that's been making it's way around the business blogs. Our favorites from Dave's top ten list? "You are receiving this automatic notification because I am out of the office. If I was in, chances are you wouldn't have received anything at all." There's also, "Hi, I'm thinking about what you've just sent me. Please wait by your PC for my response." And finally, "Please be patient, and your mail will be deleted in the order it was received."
A promising sign for small business lending? On Tuesday morning, CIT Group, one of the country's largest lenders to small and midsize companies, announced that it had made a $97 million profit in the first quarter of 2010, The New York Times reports. Not only is this news notable because the company was going through bankruptcy as recently as December, but also because of the implications for small business financing. If CIT continues to show signs of regained stability, a resulting increase in lending would likely be felt across the SMB market.
You could have had $14,000 instead of that original iPod. If you had bought $499 of Apple stock in 2001, instead of paying that price for the original iPod model, you would have $14,513.78 today, according to a post at Venture Beat. A UC Berkeley junior created a table of the returns of an investment of the original price of hundreds of Apple produces, after news that Apple shares reached an all-time high of $272.18 on Friday. Venture Beat appropriately calls it a "spreadsheet of infinite regret." The biggest regret? Instead of spending of $5,700 on Apple PowerBook in 1997, you would have $330,563.38 today.
Helping Haiti one T-Shirt at a time. The outpouring on charity donations to victims of the Haiti earthquake was certainly heartening, but one entrepreneur is hoping to create a more sustainable way to revitalize the country. Time has the story of Mesh Gelman, a textile entrepreneur who made the decision to shift production from China to Haiti for his his company's linen brand, Blanket America. The move will create roughly 240 new jobs for Haiti's struggling textile industry. In addition, Gelman has started a Facebook page that now has more than 22,000 fans to promote his made-in-Haiti movement, Choose Haiti. 200 jobs were created in Port-au-Prince to produce 50,000 T-shirts that bear the "Choose Haiti" slogan.
Survey projects Mother's Day spending bump. A recent survey released by Brand Keys suggests that consumers are planning to spend $15 billion on their mother's this year, up 5 percent from 2009. The three most common planned purchases of the individuals surveyed are greeting cards, flowers, and gift cards. Men, as usual are expected to spend more on this holiday than women (via AdWeek). See our suggestions for Mother's Day tech gift ideas.
Reporter NITASHA TIKU covers technology, finance, green business, and social entrepreneurship for Inc. magazine and contributes to the staff’s daily links blog. Her work has appeared in New York magazine, The Villager, Chelsea Now, and on nymag.com. She lives in Brooklyn, New York. @nitashatiku