Recent Blog Posts
-
Smoking Lingerie Leads to Lawsuit
Nov 23 20093:11 pm EDT -
Oops
Nov 23 200912:01 am EDT -
The Era of the Renminbi Is at Hand
Nov 20 20092:55 pm EDT -
Computer Glitch Snarls Air Traffic
Nov 19 200910:29 am EDT -
Dollar Doldrums? What Dollar Doldrums?
Nov 19 20098:48 am EDT -
American Express Makes a Revolutionary Deal
Nov 18 200912:05 pm EDT -
Calpers Puts Pressure on Private Equity Funding and Fees
Nov 18 200910:27 am EDT -
Madoff Makes Millions (for Others)
Nov 18 20096:04 am EDT -
Lazard Looks Within Its Ranks for New Chief
Nov 17 20091:44 pm EDT -
A Brutal Morning for Geithner
Nov 17 20098:02 am EDT
Of Thee iBling
What happened to the "I Am Rich" iPhone?
Apple did indeed pull the $999.99 app from its iTunes store, but not until German programmer Armin Heinrich apparently netted $5,600 from purchases.
Through accident or intention, eight suckers, errr... customers, bought the program -- which does nothing except display a blinking red light on your iPhone to let others know that you are in fact rich enough to spend $1,000 on something with no utility. The app was available for just a day.
Unfortunately, in an email exchange with the Los Angeles Times, Heinrich said nothing to confirm our earlier thesis that the whole thing was just a neo-dadaist reflection on the commoditization of art.
In that case, luxury goods mogul Francois Pinault should take a meeting with this guy as soon as possible.
Liz Gunnison
