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The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

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Millennials say they’ll refuse to care for aging boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar

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Tim Cook signed off on his final Apple earnings call with a warning about a ‘100-year flood’ in memory chip pricing

1

The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

2

Millennials say they’ll refuse to care for aging boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar

3

Tim Cook signed off on his final Apple earnings call with a warning about a ‘100-year flood’ in memory chip pricing
Techmedium

Medium Announces Major Layoffs

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Mahita Gajanan
Mahita Gajanan
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Mahita Gajanan
Mahita Gajanan
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January 4, 2017, 4:41 PM ET
Twitter Inc. Co-Founder and Medium.com Chief Executive Officer Evan Williams Interview
David Paul Morris—Bloomberg via Getty Images
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Medium is laying off 50 people and shuttering its New York and Washington D.C. offices, CEO Ev Williams announced on Wednesday.

Most the employees who will be let go work in sales, support and other business functions of the company, Williams, a Twitter co-founder, said.

The publishing platform is seeking alternatives to ad-driven media based on pageviews, Williams said.

“While we could continue on our current path—and there is a business case for doing so—we decided that we risk failing on our larger, original mission if we don’t make some proactive changes while we have the momentum and resources to do so,” he said.

Williams himself slammed the current model, which he said drives clickbait to serve the goals of corporations. “It simply doesn’t serve the people,” he said. “In fact, it’s not designed to.”

Now, Medium will shift to define a “new model for writers and creators to be rewarded, based on the value they’re creating for people,” Williams said. It is unclear how the company will approach the new goal.

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