After 18 years in operation, after a federal law mandating that hospitals work to prevent needle-stick, and after two successful lawsuits resulting in BD paying more than $400 million for violating anti-monopoly statutes, Retractable Technologies made only $34 million in global sales last year. BD, with an inferior, more expensive product, sold $8.4 billion, the payouts to its competitor serving only as the cost of doing business. In 2000, the Centers for Disease Control estimated 380,000 needle-sticks at hospitals every year. Today, they estimate 385,000. “You turn on the TV and watch politicians talk about unleashing the power of the free market, that’s absurd,” Shaw says. “The American public is being denied a free market, being denied competition.”We need a new antitrust for a new predatory era.
The Webpage FX blog compiled a list of 13 internet "firsts," from the first email sent (1971) and the first spam, sent out to 400 people (1978), to the first photo posted online (1992) and much later, the first Instagram photo, (2010).
A blogger records a blow-by-blow account of how an author tries to use social media to 'correct' bad reviews of her book. [more inside]
The Great Tech War of 2012: Apple v. Google v. Amazon v. Facebook
"Google+ is a knee-jerk reaction, a study in short-term thinking, predicated on the incorrect notion that Facebook is successful because they built a great product." "Last night, high-profile Google engineer Steve Yegge mistakenly posted a long rant about working at Amazon and Google’s own issues with creating platforms on Google+...The most interesting part to me, though, is Yegge’s blunt assessment of what he perceives to be Google’s inability to understand platforms and how this could endanger the company in the long run." It's quite long, but there's some interesting insight - all the more because it wasn't initially intended to be made public. (via SiliconFilter/via G+) [more inside]