CINXE.COM

Yahoo Finance

<!DOCTYPE html> <script type="text/javascript" src="/_static/js/bundle-playback.js?v=HxkREWBo" charset="utf-8"></script> <script type="text/javascript" src="/_static/js/wombat.js?v=txqj7nKC" charset="utf-8"></script> <script>window.RufflePlayer=window.RufflePlayer||{};window.RufflePlayer.config={"autoplay":"on","unmuteOverlay":"hidden"};</script> <script type="text/javascript" src="/_static/js/ruffle/ruffle.js"></script> <script type="text/javascript"> __wm.init("https://web.archive.org/web"); __wm.wombat("http://yahoofinance.tumblr.com:80/","20160228183419","https://web.archive.org/","web","/_static/", "1456684459"); </script> <link rel="stylesheet" type="text/css" href="/_static/css/banner-styles.css?v=S1zqJCYt" /> <link rel="stylesheet" type="text/css" href="/_static/css/iconochive.css?v=3PDvdIFv" /> <!-- End Wayback Rewrite JS Include --> <script>var __pbpa = true;</script><script>var translated_warning_string = 'Warning: Never enter your Tumblr password unless \u201chttps://www.tumblr.com/login\u201d\x0ais the address in your web browser.\x0a\x0aYou should also see a green \u201cTumblr, Inc.\u201d identification in the address bar.\x0a\x0aSpammers and other bad guys use fake forms to steal passwords.\x0a\x0aTumblr will never ask you to log in from a user\u2019s blog.\x0a\x0aAre you absolutely sure you want to continue?';</script><script type="text/javascript" language="javascript" src="https://web.archive.org/web/20160228183419js_/http://assets.tumblr.com/assets/scripts/pre_tumblelog.js?_v=4407ac63b04a974114891da19b333539"></script> <!DOCTYPE html> <!--[if lt IE 7]> <html class="no-js lt-ie10 lt-ie9 lt-ie8 lt-ie7"> <![endif]--> <!--[if IE 7]> <html class="no-js lt-ie10 lt-ie9 lt-ie8"> <![endif]--> <!--[if IE 8]> <html class="no-js lt-ie10 lt-ie9"> <![endif]--> <!--[if IE 9]> <html class="no-js lt-ie10"> <![endif]--> <!--[if gt IE 8]><!--> <html class="no-js"> <!--<![endif]--> <head> <meta charset="utf-8"> <title>Yahoo Finance</title> <meta name="description" content=""/> <meta name="keywords" content="Yahoo Finance"/> <!-- ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Yahoo Cadence - 1.0.0 http://yahoo.tumblr.com Theme by: Style Hatch - http://stylehatch.co _____ __ __ __ __ __ __ / ___// /___ __/ /__ / / / /___ _/ /______/ /_ \__ \/ __/ / / / / _ \ / /_/ / __ `/ __/ ___/ __ \ ___/ / /_/ /_/ / / __/ / __ / /_/ / /_/ /__/ / / / /____/\__/\__, /_/\___/ /_/ /_/\__,_/\__/\___/_/ /_/ /____/ __ __ __ __ \ \/ /___ _/ /_ ____ ____ / / \ / __ `/ __ \/ __ \/ __ \/ / / / /_/ / / / / /_/ / /_/ /_/ /_/\__,_/_/ /_/\____/\____(_) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ --> <meta name="viewport" content="width=device-width"> <style>figure{margin:0}</style> <link rel="shortcut icon" href="/web/20160228183419im_/http://yahoofinance.tumblr.com/"> <link rel="apple-touch-icon" href="/web/20160228183419im_/http://yahoofinance.tumblr.com/"> <!-- Colors --> <meta name="color:Header Background" content="#4f2b66"/> <meta name="color:Header Color" content="#ffffff"/> <meta name="color:Header Accent" content="#ffffff"/> <meta name="color:Nav Background" content="#e6e5ea"/> <meta name="color:Site Background" content="#f4f3f8"/> <meta name="color:Page Background" content="#ffffff"/> <meta name="color:Title Color" content="#2b2b2b"/> <meta name="color:Text Color" content="#444444"/> <meta name="color:Accent Color" content="#6E329D"/> <meta name="color:Subtle Color" content="#bbbbbb"/> <meta name="color:Subtle Background" content="#f6f6f6"/> <!-- Custom Nav Options --> <meta name="color:Blogs Nav Yahoo" content="#5a2a82"/> <meta name="color:Blogs Nav Search" content="#227c8f"/> <meta name="color:Blogs Nav Messenger" content="#f1dc17"/> <meta name="color:Blogs Nav Mail" content="#00aeef"/> <meta name="color:Blogs Nav Sports" content="#465ba9"/> <meta name="color:Blogs Nav Answers" content="#6fbd45"/> <meta name="color:Blogs Nav Flickr" content="#ec008b"/> <meta name="color:Blogs Nav Finance" content="#5a2a82"/> <meta name="color:Blogs Nav Entertainment" content="#ff0084"/> <meta name="color:Blogs Nav Screen" content="#6e329d"/> <meta name="color:Blogs Nav News" content="#00aeef"/> <meta name="color:Blogs Nav Groups" content="#049fb8"/> <meta name="if:Blogs Active Yahoo" content="1"/> <meta name="if:Blogs Active Search" content="0"/> <meta name="if:Blogs Active Messenger" content="0"/> <meta name="if:Blogs Active Mail" content="0"/> <meta name="if:Blogs Active Sports" content="0"/> <meta name="if:Blogs Active Answers" content="0"/> <meta name="if:Blogs Active Flickr" content="0"/> <meta name="if:Blogs Active Finance" content="0"/> <meta name="if:Blogs Active Entertainment" content="0"/> <meta name="if:Blogs Active Screen" content="0"/> <meta name="if:Blogs Active News" content="0"/> <meta name="if:Blogs Active Groups" content="0"/> <meta name="text:Blogs Yahoo URL" content="http://yahoo.tumblr.com/"/> <meta name="text:Blogs Search URL" content="http://yahoo.tumblr.com/"/> <meta name="text:Blogs Messenger URL" content="http://yahoo.tumblr.com/"/> <meta name="text:Blogs Mail URL" content="http://yahoo.tumblr.com/"/> <meta name="text:Blogs Sports URL" content="http://yahoo.tumblr.com/"/> <meta name="text:Blogs Answers URL" content="http://yahoo.tumblr.com/"/> <meta name="text:Blogs Flickr URL" content="http://yahoo.tumblr.com/"/> <meta name="text:Blogs Finance URL" content="http://finance.tumblr.com/"/> <meta name="text:Blogs Entertainment URL" content="http://yahooentertainment.tumblr.com/"/> <meta name="text:Blogs Screen URL" content="http://yahooscreen.tumblr.com/"/> <meta name="text:Blogs News URL" content="http://yahoonews.tumblr.com/"/> <meta name="text:Blogs Groups URL" content="http://yahoogroups.tumblr.com/"/> <!-- Images --> <meta name="image:Logo" content=""/> <meta name="image:Logo Small" content=""/> <meta name="image:Header" content=""/> <meta name="image:Header Blurred" content=""/> <!-- Options --> <meta name="if:Feature First Post" content="1"/> <meta name="if:Two Column Layout" content="0"/> <meta name="if:Infinite Scrolling" content="0"/> <meta name="if:Capitalize Titles" content="0"/> <meta name="if:Stretch Photos To Fit" content="0"/> <meta name="text:Header Padding" content="150px"/> <meta name="text:Tagline Margin Begin" content="15px"/> <meta name="text:Tagline Margin End" content="10px"/> <meta name="text:Logo Max Width" content="300px"/> <meta name="text:Tagline Size" content="30px"/> <meta name="if:Show Group Blog Details" content="0"/> <meta name="if:Show Sites I Follow" content="0"/> <!-- Custom Text --> <meta name="text:Authors Title" content="Site Authors"/> <meta name="text:Liked Title" content="Liked Posts"/> <meta name="text:Tweets Title" content="Recent Tweets"/> <meta name="text:Instagram Title" content="Instagram Shots"/> <meta name="text:Following Title" content="Sites I Follow"/> <meta name="text:Social Title" content="Find Me On"/> <meta name="text:Footer Copyright" content=""/> <!-- Custom Text - 3rd party --> <meta name="text:Twitter Widget Embed" content=""/> <meta name="text:Disqus ID" content=""/> <meta name="text:Google Analytics ID" content=""/> <meta name="text:Clicky ID" content=""/> <meta name="text:Instagram Access Token" content=""/> <meta name="text:Typekit ID" content="umr6fqf"/> <meta name="text:Body Font Family" content="'proxima-nova', 'Helvetica Neue', Helvetica, Arial, sans-serif"/> <meta name="text:Title Font Family" content="'proxima-nova', 'Helvetica Neue', Helvetica, Arial, sans-serif"/> <!-- Social Links --> <meta name="text:Facebook URL" content=""/> <meta name="text:Flickr URL" content=""/> <meta name="text:Foursquare URL" content=""/> <meta name="text:Github URL" content=""/> <meta name="text:Google Plus URL" content=""/> <meta name="text:Instagram URL" content=""/> <meta name="text:Pinterest URL" content=""/> <meta name="text:Quora URL" content=""/> <meta name="text:Tumblr URL" content=""/> <meta name="text:Twitter URL" content=""/> <meta name="text:Vimeo URL" content=""/> <meta name="text:YouTube URL" content=""/> <meta name="text:Website URL" content=""/> <meta name="text:Header Inject" content=""/> <meta name="text:Footer Inject" content=""/> <link rel="alternate" type="application/rss+xml" title="RSS" href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/rss"/> <script type="text/javascript" src="//web.archive.org/web/20160228183419js_/http://use.typekit.net/kdt7cjv.js"></script> <script type="text/javascript">try{Typekit.load();}catch(e){}</script> <link rel="stylesheet" href="https://web.archive.org/web/20160228183419cs_/http://static.tumblr.com/fftf9xi/QmCmi8cwl/batch.css"> <link rel="stylesheet" href="https://web.archive.org/web/20160228183419cs_/http://static.tumblr.com/jazxiid/rFtmnw7ph/social-icons.css"> <link rel="stylesheet" href="https://web.archive.org/web/20160228183419cs_/http://static.tumblr.com/zlkd3tl/OjZmtl9fk/style.css"> <style type="text/css"> /* ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ COLORS ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ */ /* header background */ header.top { background-color: #4f2b66; } /* header color */ header.top, header.top section.description h1 a:hover, header.top section.description a { color: #ffffff; } /* header accent */ header.top section.description a:hover { color: #ffffff; } header.top section.description a { border-color: #ffffff; } /* nav background */ nav.primary { background-color: #e6e5ea; } /* site background */ body { background-color: #f4f3f8; } /* page background */ #main, nav#pagination ul li.current-page span, nav#pagination ul li a.jump-page { background-color: #ffffff; } article footer ul.tags li a:hover, article section a.btn:hover, article section a.btn:hover span.arrow:after { color: #ffffff; } ::-moz-selection { color: #ffffff; } ::selection { color: #ffffff; } /* title color */ h1, h2, h3, h4, h5, h6, a, article header a, article section a.btn, article.photo header a.highres, article.photo header a.highres:hover { color: #2b2b2b; } /* text color */ body { color: #444444; } /* subtle color */ article footer ul.tags li a, article footer ul.credit, article footer ul.credit, article footer ul.credit a, article footer ul.meta a, article section a.btn span.arrow:after, article.photo header a.highres, article.link header:after, article.chat section p strong, article.audio section span.label, article.audio section ul.stats li, .results p { color: #bbbbbb; } footer.extras section.liked-posts ul#likes .post_info_bottom, footer.extras section.bottom ul li, footer.extras section.bottom ul li.credit, footer.extras section.bottom ul li.tumblr, footer.extras section.bottom ul li.credit a, footer.extras section.bottom ul li.tumblr a, footer.extras section.social-links ul li a { color: #676e7e; } article.text header h2:after { background-color: #bbbbbb; } footer.extras section h4 { border-color: #bbbbbb; } /* subtle background */ article, article blockquote, article footer ul.credit, article.chat section p, article.ask section p.asker, .results h2, hr { border-color: #f6f6f6; } footer.extras section.liked-posts ul#likes blockquote, footer.extras section.bottom ul li.credit a, footer.extras section.bottom ul li.tumblr a { border-color: #fff; } article footer ul.tags li a, article.text a.btn, article.ask header, nav#infinite a { background-color: #f6f6f6; } /* accent color */ a, nav.primary ul li a, nav.primary ul li a:hover, article.link header a { border-color: #5a2a82; } nav.primary, nav.primary .contain.minimized .dropdown { border-top-color: #5a2a82; } a:hover, nav.primary ul li a:hover, footer.extras section a.btn:hover, article footer ul.credit a:hover, article footer ul.meta a:hover, footer.extras section.social-links ul li a:hover { color: #5a2a82; } article section a.btn:hover, article footer ul.tags li a:hover, article.photo header a.highres:hover, nav#pagination ul li.current-page span:hover, nav#pagination ul li a.jump-page:hover, nav#pagination ul li.current-page span, nav#pagination ul li a.next:hover, nav#pagination ul li a.prev:hover, nav#infinite a:hover, article .permalink-content div.notes ol.notes li.more_notes_link_container a.more_notes_link:hover, article.text header h2:after { background-color: #5a2a82; } ::-moz-selection { background: #5a2a82; } ::selection { background: #5a2a82; } /* Custom Nav Colors */ /* Yahoo */ nav.property-blogs ul li a.yahoo:hover:before, nav.property-blogs ul li a.yahoo.selected:before { background-color: #5a2a82; } /* Search */ nav.property-blogs ul li a.search:hover:before, nav.property-blogs ul li a.search.selected:before { background-color: #227c8f; } /* Messenger */ nav.property-blogs ul li a.messenger:hover:before, nav.property-blogs ul li a.messenger.selected:before { background-color: #f1dc17; } /* Mail */ nav.property-blogs ul li a.mail:hover:before, nav.property-blogs ul li a.mail.selected:before { background-color: #00aeef; } /* Sports */ nav.property-blogs ul li a.sports:hover:before, nav.property-blogs ul li a.sports.selected:before { background-color: #465ba9; } /* Answers */ nav.property-blogs ul li a.answers:hover:before, nav.property-blogs ul li a.answers.selected:before { background-color: #6fbd45; } /* Flickr */ nav.property-blogs ul li a.flickr:hover:before, nav.property-blogs ul li a.flickr.selected:before { background-color: #ec008b; } /* ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ IMAGES ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ */ header.top .cover-image { background-image: url('https://web.archive.org/web/20160228183419im_/http://static.tumblr.com/b9ef8a3440f5af774c65e554f59223eb/cp9cmy8/ClXmsmxir/tumblr_static_finance.jpg'); background-position: center; background-position: center; -webkit-background-size: cover; -moz-background-size: cover; -o-background-size: cover; background-size: cover; } header.top .blurred-cover-image { background-image: url('https://web.archive.org/web/20160228183419im_/http://static.tumblr.com/53599f609a7594da8f5ceb24dc63ff99/cp9cmy8/Om3msmxiw/tumblr_static_finance.jpg'); background-position: center; background-position: center; -webkit-background-size: cover; -moz-background-size: cover; -o-background-size: cover; background-size: cover; } /* ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ OPTIONS ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ */ header.top section.description h1, article h1, article h2, article h3, article.chat section p strong, footer.extras section h4 { text-transform: none; } header.top .contain { padding: 80px 0; } header.top section.description h1 img { max-width: 300px; } header.top section.description { font-size: 30px; } header.top section.description p { margin-top: 15px; } /* ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ FONTS ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ */ /* body font */ body, article.quote header { font-family: 'proxima-nova', 'Helvetica Neue', Helvetica, Arial, sans-serif; } /* title font */ h1, h2, h3, h4, h5, h6, nav.primary ul, article.text a.btn, article.chat section p strong, nav#pagination, nav#infinite a, footer.extras section h4 { font-family: 'proxima-nova', 'Helvetica Neue', Helvetica, Arial, sans-serif; } /* UI font */ .uiFont, nav.primary ul.util, article footer ul.meta, article.audio section span.label, article.audio section ul.stats li, footer.extras section a.btn, footer.extras section.liked-posts ul#likes .post_info_bottom { font-family: 'proxima-nova', 'Helvetica Neue', Helvetica, Arial, sans-serif; } /* Custom CSS */ </style> <!--[if lt IE 9]> <script src="http://html5shim.googlecode.com/svn/trunk/html5.js"></script> <![endif]--> <script src="//web.archive.org/web/20160228183419js_/http://ajax.googleapis.com/ajax/libs/jquery/1.8.2/jquery.min.js"></script> <script>window.jQuery || document.write('<script src="https://web.archive.org/web/20160228183419/http://static.tumblr.com/fftf9xi/cSvmd30gr/jquery-1.8.2.min.js"><\/script>')</script> <script type="text/javascript"> var StyleHatch = window.StyleHatch || {}; StyleHatch.themeName = "Cadence"; StyleHatch.siteTitle = "Yahoo Finance"; StyleHatch.instagramToken = ""; StyleHatch.clickyID = ""; StyleHatch.googleID = "UA-41902729-11"; StyleHatch.disqusID = ""; StyleHatch.typekitID = "kdt7cjv"; StyleHatch.accentColor = "#5a2a82"; StyleHatch.subtleColor = "#bbbbbb"; StyleHatch.textColor = "#444444"; StyleHatch.indexPage = true; StyleHatch.navBar = true; StyleHatch.infiniteScroll = false; StyleHatch.loadingText = "Loading"; StyleHatch.loadMoreText = "Load more posts"; StyleHatch.noMoreText = "No more posts"; StyleHatch.isotope = false; if(top===self) { StyleHatch.customizeMode=false; } else if (location.hostname.toString()=="assets.txmblr.com") { StyleHatch.customizeMode=true; } else { StyleHatch.customizeMode=false; } </script> <!-- OpenGraph --> <meta property="og:site_name" content="Yahoo Finance"/> <meta property="og:image" content="https://web.archive.org/web/20160228183419im_/http://33.media.tumblr.com/avatar_78724bdb2246_64.png"/> <meta property="og:title" content="Yahoo Finance"/> <meta property="og:type" content="blog"/> <meta property="og:description" content=""/> <meta property="og:image" content="https://web.archive.org/web/20160228183419im_/http://33.media.tumblr.com/avatar_78724bdb2246_64.png"/> <meta name="robots" content="noindex"/> <link rel="alternate" href="https://web.archive.org/web/20160228183419/android-app://com.tumblr/tumblr/x-callback-url/blog?blogName=yahoofinance"/> <link rel="alternate" href="https://web.archive.org/web/20160228183419/ios-app://305343404/tumblr/x-callback-url/blog?blogName=yahoofinance"/> <script src="https://web.archive.org/web/20160228183419js_/http://assets.tumblr.com/assets/scripts/tumblelog_post_message_queue.js?_v=8b0553f75283ecbeb78be24f096f4c2c"></script> <link rel="stylesheet" type="text/css" href="https://web.archive.org/web/20160228183419cs_/http://assets.tumblr.com/fonts/gibson/stylesheet.css?v=3"> <meta name="keywords" content="$TGT,$MORN,$DIS,$SNE,$HACK"/> <!-- TWITTER TAGS --><meta charset="utf-8"><meta name="twitter:site" content="tumblr"/><meta name="twitter:card" content="app"/><meta name="twitter:description" content="yahoofinance"/><meta name="twitter:title" content="yahoofinance"/><meta name="twitter:app:name:iphone" content="Tumblr"/><meta name="twitter:app:name:ipad" content="Tumblr"/><meta name="twitter:app:name:googleplay" content="Tumblr"/><meta name="twitter:app:id:iphone" content="305343404"/><meta name="twitter:app:id:ipad" content="305343404"/><meta name="twitter:app:id:googleplay" content="com.tumblr"/><meta name="twitter:app:url:iphone" content="tumblr://x-callback-url/blog?blogName=yahoofinance&amp;referrer=twitter-cards"/><meta name="twitter:app:url:ipad" content="tumblr://x-callback-url/blog?blogName=yahoofinance&amp;referrer=twitter-cards"/><meta name="twitter:app:url:googleplay" content="tumblr://x-callback-url/blog?blogName=yahoofinance&amp;referrer=twitter-cards"/> <!-- GOOGLE CAROUSEL --><script type="application/ld+json">{"@type":"ItemList","url":"https:\/\/web.archive.org\/web\/20160228183419\/http:\/\/yahoofinance.tumblr.com","itemListElement":[{"@type":"ListItem","position":1,"url":"https:\/\/web.archive.org\/web\/20160228183419\/http:\/\/yahoofinance.tumblr.com\/post\/118865726864\/how-to-build-a-unicorn-from-scratch-and-walk"},{"@type":"ListItem","position":2,"url":"https:\/\/web.archive.org\/web\/20160228183419\/http:\/\/yahoofinance.tumblr.com\/post\/118782455884\/gap-and-banana-republic-take-a-beating-while-old"},{"@type":"ListItem","position":3,"url":"https:\/\/web.archive.org\/web\/20160228183419\/http:\/\/yahoofinance.tumblr.com\/post\/118698087659\/harris-corps-weak-results-vindicate-its"},{"@type":"ListItem","position":4,"url":"https:\/\/web.archive.org\/web\/20160228183419\/http:\/\/yahoofinance.tumblr.com\/post\/118366490489\/jaded-the-demographics-of-tinder-users"},{"@type":"ListItem","position":5,"url":"https:\/\/web.archive.org\/web\/20160228183419\/http:\/\/yahoofinance.tumblr.com\/post\/117774274284\/the-phablet-revolution"},{"@type":"ListItem","position":6,"url":"https:\/\/web.archive.org\/web\/20160228183419\/http:\/\/yahoofinance.tumblr.com\/post\/117089809499\/targets-stunt-so-obvious-hint-potatoes"},{"@type":"ListItem","position":7,"url":"https:\/\/web.archive.org\/web\/20160228183419\/http:\/\/yahoofinance.tumblr.com\/post\/116383156774\/the-genius-of-paul-rand"},{"@type":"ListItem","position":8,"url":"https:\/\/web.archive.org\/web\/20160228183419\/http:\/\/yahoofinance.tumblr.com\/post\/116316658444\/marvels-ant-man-trailer-looks-awesome"},{"@type":"ListItem","position":9,"url":"https:\/\/web.archive.org\/web\/20160228183419\/http:\/\/yahoofinance.tumblr.com\/post\/114413297399\/how-to-apply-coach-jim-valvanos-life-principles"},{"@type":"ListItem","position":10,"url":"https:\/\/web.archive.org\/web\/20160228183419\/http:\/\/yahoofinance.tumblr.com\/post\/113164690969\/why-cyber-security-is-the-next-big-thing"}],"@context":"https:\/\/web.archive.org\/web\/20160228183419\/http:\/\/schema.org"}</script> <link rel="canonical" href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/"/> </head> <body class="index-page"> <!--[if lt IE 7]><p class=chromeframe>Your browser is <em>ancient!</em> <a href="http://browsehappy.com/">Upgrade to a different browser</a> or <a href="http://www.google.com/chromeframe/?redirect=true">install Google Chrome Frame</a> to experience this site.</p><![endif]--> <div id="container"> <header class="top"> <div class="contain" data-0="padding-bottom[sqrt]: 80px; top[sqrt]: 0px;" data-375="padding-bottom[sqrt]: 0px; top[sqrt]: 100px;"> <section class="description"> <h1 data-0="opacity: 1;" data-220="opacity: 0;"><a href="/web/20160228183419/http://yahoofinance.tumblr.com/"><img src="https://web.archive.org/web/20160228183419im_/http://static.tumblr.com/71a4b7fa114b9886a6f58608a8da4441/cp9cmy8/zt9msmxj2/tumblr_static_y_tumblr_finance_lockup.png" alt="Yahoo Finance"/></a></h1> <p data-0="color: rgba(255,255,255,1); margin-top[sqrt]:15px;" data-220="color: rgba(255,255,255,0); margin-top[sqrt]:10px;"></p> </section> </div> <div class="cover-image" data-0="opacity[sqrt]: 1;" data-200="opacity[sqrt]: 0;"></div> <div class="blurred-cover-image"></div> </header> <nav class="primary"> <div class="contain"> <a href="/web/20160228183419/http://yahoofinance.tumblr.com/" class="logo-sm"><img src="https://web.archive.org/web/20160228183419im_/http://static.tumblr.com/5313e4dcd7160759ddf6079657700363/cp9cmy8/ryJmsmxj7/tumblr_static_logo-sm2.png" alt="Yahoo Finance"></a> <div class="dropdown"> <ul class="pages"> </ul> <ul class="util"> <li class="ask"><a href="/web/20160228183419/http://yahoofinance.tumblr.com/ask">Ask me anything</a></li> <li class="archive"><a href="/web/20160228183419/http://yahoofinance.tumblr.com/archive">Archive</a></li> </ul> <!-- <div class="follow-links"> <section class="social-links"> <ul> <li><a href="http://www.facebook.com/yahoofinance" class="social-icon-facebook"><span>Facebook</span></a></li> <li><a href="http://www.twitter.com/yahoofinance" class="social-icon-twitter"><span>Twitter</span></a></li> </ul> </section> </div> --> </div> </div> </nav> <div id="main" role="main"> <div class="outer-nav"> <div class="inner-nav"> <nav class="property-blogs"> <h4>Our Blogs</h4> <ul> <li><a href="https://web.archive.org/web/20160228183419/http://yahoo.tumblr.com/" class="yahoo">Yahoo</a></li> <li><a href="https://web.archive.org/web/20160228183419/http://yahoosearch.tumblr.com/" class="search">Search</a></li> <li><a href="https://web.archive.org/web/20160228183419/http://yahoomessenger.tumblr.com/" class="messenger">Messenger</a></li> <li><a href="https://web.archive.org/web/20160228183419/http://yahoomail.tumblr.com/" class="mail">Mail</a></li> <li><a href="https://web.archive.org/web/20160228183419/http://yahoosports.tumblr.com/" class="sports">Sports</a></li> <li><a href="https://web.archive.org/web/20160228183419/http://yahooanswers.tumblr.com/" class="answers">Answers</a></li> <li><a href="https://web.archive.org/web/20160228183419/http://flickr.tumblr.com/" class="flickr">Flickr</a></li> <li><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/" class="finance selected">Finance</a></li> <li><a href="https://web.archive.org/web/20160228183419/http://yahooentertainment.tumblr.com/" class="entertainment">Entertainment</a></li> <li><a href="https://web.archive.org/web/20160228183419/http://yahooscreen.tumblr.com/" class="screen">Screen</a></li> <li><a href="https://web.archive.org/web/20160228183419/http://yahoonews.tumblr.com/" class="news">News</a></li> <li><a href="https://web.archive.org/web/20160228183419/http://yahoogroups.tumblr.com/" class="groups">Groups</a></li> </ul> </nav> </div> </div> <div class="posts"> <article class="link featured featured heidi_roizen unicorn reblog" id="post_118865726864" data-postid="118865726864" data-permalink="http://yahoofinance.tumblr.com/post/118865726864/how-to-build-a-unicorn-from-scratch-and-walk" data-reblog="https://www.tumblr.com/reblog/118865726864/0d7jSLuo"> <header> <h2><a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fheidiroizen.tumblr.com%2Fpost%2F118473647305%2Fhow-to-build-a-unicorn-from-scratch-and-walk&amp;t=ZDk0MGE2NzVjMGQ2NjI4ZTFlNjZhOWVjZGQ5OTIyNWQwNGNlMmJlZCwwZDdqU0x1bw%3D%3D">How to Build a Unicorn From Scratch &ndash; and Walk Away with Nothing.</a></h2> </header> <section> <p><a href="https://web.archive.org/web/20160228183419/http://heidiroizen.tumblr.com/post/118473647305/how-to-build-a-unicorn-from-scratch-and-walk">heidiroizen</a>:</p> <blockquote><p>This is a grim fairy tale about a mythical company and its mythical founder. While I concocted this story, I did so by drawing upon my sixteen years of experience as a venture capitalist, plus the fourteen years I spent before that as an entrepreneur. I&rsquo;m going to use some pretty simple math and&hellip;</p></blockquote> </section> <footer> <ul class="tags"> <li class="tt_Heidi+Roizen"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/tagged/Heidi-Roizen" title="Yahoo Finance - Heidi Roizen">Heidi Roizen</a></li> <li class="tt_unicorn"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/tagged/unicorn" title="Yahoo Finance - unicorn">unicorn</a></li> </ul> <ul class="credit"> <li class="reblog">Reblogged from <a href="https://web.archive.org/web/20160228183419/http://heidiroizen.tumblr.com/post/118473647305/how-to-build-a-unicorn-from-scratch-and-walk">Operating Partner, DFJ</a></li> </ul> <ul class="tumblr-action"> <li class="reblog"> <a href="https://web.archive.org/web/20160228183419/https://www.tumblr.com/reblog/118865726864/0d7jSLuo" class="reblog_button" style="display: block;width:20px;height:20px;"><svg width="100%" height="100%" viewbox="0 0 21 21" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" fill="#ccc"><path d="M5.01092527,5.99908429 L16.0088498,5.99908429 L16.136,9.508 L20.836,4.752 L16.136,0.083 L16.1360004,3.01110845 L2.09985349,3.01110845 C1.50585349,3.01110845 0.979248041,3.44726568 0.979248041,4.45007306 L0.979248041,10.9999998 L3.98376463,8.30993634 L3.98376463,6.89801007 C3.98376463,6.20867902 4.71892527,5.99908429 5.01092527,5.99908429 Z"></path><path d="M17.1420002,13.2800293 C17.1420002,13.5720293 17.022957,14.0490723 16.730957,14.0490723 L4.92919922,14.0490723 L4.92919922,11 L0.5,15.806 L4.92919922,20.5103758 L5.00469971,16.9990234 L18.9700928,16.9990234 C19.5640928,16.9990234 19.9453125,16.4010001 19.9453125,15.8060001 L19.9453125,9.5324707 L17.142,12.203"></path></svg></a> </li> <li class="like"> <div class="like_button" data-post-id="118865726864" id="like_button_118865726864"><iframe id="like_iframe_118865726864" src="https://web.archive.org/web/20160228183419if_/http://assets.tumblr.com/assets/html/like_iframe.html?_v=7e54d4bd89ee867096df32769aefa90c#name=yahoofinance&amp;post_id=118865726864&amp;color=grey&amp;rk=0d7jSLuo&amp;root_id=118473647305" scrolling="no" width="20" height="20" frameborder="0" class="like_toggle" allowtransparency="true" name="like_iframe_118865726864"></iframe></div> </li> </ul> <ul class="meta"> <li class="time"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/118865726864/how-to-build-a-unicorn-from-scratch-and-walk">May 13th, 2015</a></li> <li class="notes"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/118865726864/how-to-build-a-unicorn-from-scratch-and-walk">516</a></li> </ul> </footer> </article> <article class="photo featured gps reblog" id="post_118782455884" data-postid="118782455884" data-permalink="http://yahoofinance.tumblr.com/post/118782455884/gap-and-banana-republic-take-a-beating-while-old" data-reblog="https://www.tumblr.com/reblog/118782455884/5xZvZhyh"> <header> <a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/image/118782455884"><img src="https://web.archive.org/web/20160228183419im_/http://41.media.tumblr.com/482e53b32a8622a316bee6075d4bd25f/tumblr_no8qmqy1bj1qlekeqo1_500.jpg" data-highres="https://web.archive.org/web/20160228183419/http://40.media.tumblr.com/482e53b32a8622a316bee6075d4bd25f/tumblr_no8qmqy1bj1qlekeqo1_1280.jpg" alt="Gap and Banana Republic take a beating while Old Navy Continues to growinsidefashionista: Gap and Banana Republic Take a Beating, While Old Navy Continues to Grow"/></a> <a class="highres" href="https://web.archive.org/web/20160228183419/http://40.media.tumblr.com/482e53b32a8622a316bee6075d4bd25f/tumblr_no8qmqy1bj1qlekeqo1_1280.jpg">High-res</a> </header> <section> <p><b>Gap and Banana Republic take a beating while Old Navy Continues to grow</b></p><p><a href="https://web.archive.org/web/20160228183419/http://insidefashionista.tumblr.com/post/118781275178/gap-and-banana-republic-take-a-beating-while-old">insidefashionista</a>:</p> <blockquote><p><a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fift.tt%2F1G2QmCZ&amp;t=MzU4Mjc3OGQ2ZTI1ZDVjNTIwMTAxNzdjNDlmYzdmOWYzYTk1MTcyNSw1eFp2Wmh5aA%3D%3D">Gap and Banana Republic Take a Beating, While Old Navy Continues to Grow</a></p></blockquote> </section> <footer> <ul class="tags"> <li class="tt_%24GPS"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/tagged/%24GPS" title="Yahoo Finance - $GPS">$GPS</a></li> </ul> <ul class="credit"> <li class="reblog">Reblogged from <a href="https://web.archive.org/web/20160228183419/http://insidefashionista.tumblr.com/post/118781275178/gap-and-banana-republic-take-a-beating-while-old">FASHIONISTA.com</a></li> </ul> <ul class="tumblr-action"> <li class="reblog"> <a href="https://web.archive.org/web/20160228183419/https://www.tumblr.com/reblog/118782455884/5xZvZhyh" class="reblog_button" style="display: block;width:20px;height:20px;"><svg width="100%" height="100%" viewbox="0 0 21 21" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" fill="#ccc"><path d="M5.01092527,5.99908429 L16.0088498,5.99908429 L16.136,9.508 L20.836,4.752 L16.136,0.083 L16.1360004,3.01110845 L2.09985349,3.01110845 C1.50585349,3.01110845 0.979248041,3.44726568 0.979248041,4.45007306 L0.979248041,10.9999998 L3.98376463,8.30993634 L3.98376463,6.89801007 C3.98376463,6.20867902 4.71892527,5.99908429 5.01092527,5.99908429 Z"></path><path d="M17.1420002,13.2800293 C17.1420002,13.5720293 17.022957,14.0490723 16.730957,14.0490723 L4.92919922,14.0490723 L4.92919922,11 L0.5,15.806 L4.92919922,20.5103758 L5.00469971,16.9990234 L18.9700928,16.9990234 C19.5640928,16.9990234 19.9453125,16.4010001 19.9453125,15.8060001 L19.9453125,9.5324707 L17.142,12.203"></path></svg></a> </li> <li class="like"> <div class="like_button" data-post-id="118782455884" id="like_button_118782455884"><iframe id="like_iframe_118782455884" src="https://web.archive.org/web/20160228183419if_/http://assets.tumblr.com/assets/html/like_iframe.html?_v=7e54d4bd89ee867096df32769aefa90c#name=yahoofinance&amp;post_id=118782455884&amp;color=grey&amp;rk=5xZvZhyh&amp;root_id=118781275178" scrolling="no" width="20" height="20" frameborder="0" class="like_toggle" allowtransparency="true" name="like_iframe_118782455884"></iframe></div> </li> </ul> <ul class="meta"> <li class="time"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/118782455884/gap-and-banana-republic-take-a-beating-while-old">May 12th, 2015</a></li> <li class="notes"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/118782455884/gap-and-banana-republic-take-a-beating-while-old">35</a></li> </ul> </footer> </article> <article class="link featured reblog" id="post_118698087659" data-postid="118698087659" data-permalink="http://yahoofinance.tumblr.com/post/118698087659/harris-corps-weak-results-vindicate-its" data-reblog="https://www.tumblr.com/reblog/118698087659/oYk2Po53"> <header> <h2><a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fthedealnewsroom.tumblr.com%2Fpost%2F118440756927%2Fharris-corp-s-weak-results-vindicate-its&amp;t=YTVmMTI2YjYzMTBjNTBjY2NiMTM1MDFhY2E2MjlmNzhiYzFjM2VkMyxvWWsyUG81Mw%3D%3D">Harris Corp.&#039;s weak results vindicate its aggressive M&amp;A strategy</a></h2> </header> <section> <p><a href="https://web.archive.org/web/20160228183419/http://thedealnewsroom.tumblr.com/post/118440756927/harris-corp-s-weak-results-vindicate-its">thedealnewsroom</a>:</p> <blockquote><figure class="tmblr-full"><img src="https://web.archive.org/web/20160228183419im_/http://38.media.tumblr.com/1a37d3bfa37560d8a627313535a73e1d/tumblr_mjcj6sIsST1rwrcx7o1_500.gif" alt="image"/></figure><p><i>For years companies avoided defense deals due to uncertain government spending. No more. Harris went all in with its Exelis acquisition and isn&rsquo;t going to stop.</i></p><p><i>by Lou Whiteman</i></p><p>When Harris Corp. (HRS) in February announced a $4.75 billion deal for Exelis Inc. (XLS), company chairman and CEO William M. Brown described the transaction as &ldquo;transformational.&rdquo; The company&rsquo;s first quarter earnings report gave a clear picture of what Harris is trying to transform itself away from.</p><p>Melbourne, Fla.-based Harris on May 5 reported fiscal third quarter net income of $125.7 million, topping analyst estimates for adjusted earnings per share but falling short on revenue.</p><p>The weakness, which Harris had telegraphed in an earnings pre-release, was attributed largely to sales slowdowns in the communications equipment maker&rsquo;s public safety and CapRock satellite communications units, with CapRock hurt by a slowdown in energy activity that has led to less demand for remote-communications capabilities&hellip;</p></blockquote> </section> <footer> <ul class="credit"> <li class="reblog">Reblogged from <a href="https://web.archive.org/web/20160228183419/http://thedealnewsroom.tumblr.com/post/118440756927/harris-corps-weak-results-vindicate-its">The Deal</a></li> </ul> <ul class="tumblr-action"> <li class="reblog"> <a href="https://web.archive.org/web/20160228183419/https://www.tumblr.com/reblog/118698087659/oYk2Po53" class="reblog_button" style="display: block;width:20px;height:20px;"><svg width="100%" height="100%" viewbox="0 0 21 21" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" fill="#ccc"><path d="M5.01092527,5.99908429 L16.0088498,5.99908429 L16.136,9.508 L20.836,4.752 L16.136,0.083 L16.1360004,3.01110845 L2.09985349,3.01110845 C1.50585349,3.01110845 0.979248041,3.44726568 0.979248041,4.45007306 L0.979248041,10.9999998 L3.98376463,8.30993634 L3.98376463,6.89801007 C3.98376463,6.20867902 4.71892527,5.99908429 5.01092527,5.99908429 Z"></path><path d="M17.1420002,13.2800293 C17.1420002,13.5720293 17.022957,14.0490723 16.730957,14.0490723 L4.92919922,14.0490723 L4.92919922,11 L0.5,15.806 L4.92919922,20.5103758 L5.00469971,16.9990234 L18.9700928,16.9990234 C19.5640928,16.9990234 19.9453125,16.4010001 19.9453125,15.8060001 L19.9453125,9.5324707 L17.142,12.203"></path></svg></a> </li> <li class="like"> <div class="like_button" data-post-id="118698087659" id="like_button_118698087659"><iframe id="like_iframe_118698087659" src="https://web.archive.org/web/20160228183419if_/http://assets.tumblr.com/assets/html/like_iframe.html?_v=7e54d4bd89ee867096df32769aefa90c#name=yahoofinance&amp;post_id=118698087659&amp;color=grey&amp;rk=oYk2Po53&amp;root_id=118440756927" scrolling="no" width="20" height="20" frameborder="0" class="like_toggle" allowtransparency="true" name="like_iframe_118698087659"></iframe></div> </li> </ul> <ul class="meta"> <li class="time"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/118698087659/harris-corps-weak-results-vindicate-its">May 11th, 2015</a></li> <li class="notes"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/118698087659/harris-corps-weak-results-vindicate-its">463</a></li> </ul> </footer> </article> <article class="photo featured reblog" id="post_118366490489" data-postid="118366490489" data-permalink="http://yahoofinance.tumblr.com/post/118366490489/jaded-the-demographics-of-tinder-users" data-reblog="https://www.tumblr.com/reblog/118366490489/B8BlarQn"> <header> <a href="https://web.archive.org/web/20160228183419/http://mic.com/articles/117660/apparently-42-of-tinder-users-are-already-in-relationships-depressing-survey-finds?utm_source=policymicTWTR&amp;utm_medium=main&amp;utm_campaign=social"><img src="https://web.archive.org/web/20160228183419im_/http://41.media.tumblr.com/4c36cd38d15881178fab0b525c5c3b7b/tumblr_nnzfy4IuVz1r83d7lo1_500.jpg" data-highres="https://web.archive.org/web/20160228183419/http://40.media.tumblr.com/4c36cd38d15881178fab0b525c5c3b7b/tumblr_nnzfy4IuVz1r83d7lo1_1280.jpg" alt="Jaded: The demographics of Tinder usersmicdotcom: 42% of Tinder users are already in relationships. This is why we can’t have nice things. The dual blessing and curse of Tinder is that you can’t tell much about a person when you swipe right on their profile — what their politics are, what kind of work they do… or if they’re in a relationship. It turns out, a lot of them are. But for those people, is having a Tinder profile cheating?"/></a> <a class="highres" href="https://web.archive.org/web/20160228183419/http://40.media.tumblr.com/4c36cd38d15881178fab0b525c5c3b7b/tumblr_nnzfy4IuVz1r83d7lo1_1280.jpg">High-res</a> </header> <section> <p><b>Jaded: The demographics of Tinder users</b></p><p><a href="https://web.archive.org/web/20160228183419/http://micdotcom.tumblr.com/post/118364875578/42-of-tinder-users-are-already-in-relationships">micdotcom</a>:</p> <blockquote><h2><b><a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fmic.com%2Farticles%2F117660%2Fapparently-42-of-tinder-users-are-already-in-relationships-depressing-survey-finds%3Futm_source%3DpolicymicTWTR%26utm_medium%3Dmain%26utm_campaign%3Dsocial&amp;t=YjY5MTU3MzRkYmJjODlmY2VlNDlmMmVhNTA3MGNiMmE3YWRlYzMwOCxCOEJsYXJRbg%3D%3D">42% of Tinder users are already in relationships. This is why we can&rsquo;t have nice things.</a></b>&nbsp;</h2><p>The dual blessing and curse of Tinder is that you can&rsquo;t tell much about a person when you swipe right on their profile &mdash; what their politics are, what kind of work they do&hellip; or if they&rsquo;re in a relationship. It turns out, a lot of them are. But for those people, <b><a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fmic.com%2Farticles%2F117660%2Fapparently-42-of-tinder-users-are-already-in-relationships-depressing-survey-finds%3Futm_source%3DpolicymicTWTR%26utm_medium%3Dmain%26utm_campaign%3Dsocial&amp;t=YjY5MTU3MzRkYmJjODlmY2VlNDlmMmVhNTA3MGNiMmE3YWRlYzMwOCxCOEJsYXJRbg%3D%3D">is having a Tinder profile cheating?</a></b></p></blockquote> </section> <footer> <ul class="credit"> <li class="reblog">Reblogged from <a href="https://web.archive.org/web/20160228183419/http://micdotcom.tumblr.com/post/118364875578/42-of-tinder-users-are-already-in-relationships">Mic</a></li> <li class="source">Source <a href="https://web.archive.org/web/20160228183419/http://mic.com/articles/117660/apparently-42-of-tinder-users-are-already-in-relationships-depressing-survey-finds?utm_source=policymicTWTR&amp;utm_medium=main&amp;utm_campaign=social" class="source_link">mic.com</a></li> </ul> <ul class="tumblr-action"> <li class="reblog"> <a href="https://web.archive.org/web/20160228183419/https://www.tumblr.com/reblog/118366490489/B8BlarQn" class="reblog_button" style="display: block;width:20px;height:20px;"><svg width="100%" height="100%" viewbox="0 0 21 21" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" fill="#ccc"><path d="M5.01092527,5.99908429 L16.0088498,5.99908429 L16.136,9.508 L20.836,4.752 L16.136,0.083 L16.1360004,3.01110845 L2.09985349,3.01110845 C1.50585349,3.01110845 0.979248041,3.44726568 0.979248041,4.45007306 L0.979248041,10.9999998 L3.98376463,8.30993634 L3.98376463,6.89801007 C3.98376463,6.20867902 4.71892527,5.99908429 5.01092527,5.99908429 Z"></path><path d="M17.1420002,13.2800293 C17.1420002,13.5720293 17.022957,14.0490723 16.730957,14.0490723 L4.92919922,14.0490723 L4.92919922,11 L0.5,15.806 L4.92919922,20.5103758 L5.00469971,16.9990234 L18.9700928,16.9990234 C19.5640928,16.9990234 19.9453125,16.4010001 19.9453125,15.8060001 L19.9453125,9.5324707 L17.142,12.203"></path></svg></a> </li> <li class="like"> <div class="like_button" data-post-id="118366490489" id="like_button_118366490489"><iframe id="like_iframe_118366490489" src="https://web.archive.org/web/20160228183419if_/http://assets.tumblr.com/assets/html/like_iframe.html?_v=7e54d4bd89ee867096df32769aefa90c#name=yahoofinance&amp;post_id=118366490489&amp;color=grey&amp;rk=B8BlarQn&amp;root_id=118364875578" scrolling="no" width="20" height="20" frameborder="0" class="like_toggle" allowtransparency="true" name="like_iframe_118366490489"></iframe></div> </li> </ul> <ul class="meta"> <li class="time"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/118366490489/jaded-the-demographics-of-tinder-users">May 7th, 2015</a></li> <li class="notes"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/118366490489/jaded-the-demographics-of-tinder-users">183</a></li> </ul> </footer> </article> <article class="text featured googl aapl reblog" id="post_117774274284" data-postid="117774274284" data-permalink="http://yahoofinance.tumblr.com/post/117774274284/the-phablet-revolution" data-reblog="https://www.tumblr.com/reblog/117774274284/3VHb1upY"> <header> <h2><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/117774274284/the-phablet-revolution">The Phablet Revolution</a></h2> </header> <section> <p><a href="https://web.archive.org/web/20160228183419/http://flurrymobile.tumblr.com/post/117769261810/the-phablet-revolution">flurrymobile</a>:</p> <blockquote><p><b><b>April 30, 2015</b> | Jarah Euston&nbsp;</b><br/></p><p>While mobile app developers have been abuzz about the launch of Apple&rsquo;s smallest screen, the Watch, Flurry Analytics has seen increasing interest in one of its largest screens - the iPhone 6 Plus. Once upon a time,<a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fwww.engadget.com%2F2010%2F07%2F16%2Fjobs-no-ones-going-to-buy-a-big-phone%2F&amp;t=NmM1YTYzODZkZTI2MTZhNzc2N2Q3YTNiZTgwOGY5YWVmODM4OWRmZiwzVkhiMXVwWQ%3D%3D"> Steve Jobs said &ldquo;no one is going to buy&rdquo; a big phone</a>, and <a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fwww.flurry.com%2Fbid%2F95652%2FSize-Matters-for-Connected-Devices-Phablets-Don-t&amp;t=OTFmN2YxZGZhNmYyYmY3OWZjNWY1ZTkyZWZiYzFlN2Y2MWUxNmZhYiwzVkhiMXVwWQ%3D%3D">we theorized</a> that phablets were just a fad. Six months since the iPhone 6 Plus debut, we see the new iOS form factor has had significant impact on the global market.<br/></p><p>To better understand the impact of the iPhone 6 Plus, Flurry from Yahoo examined the 1.6 billion devices it tracks every month to explore usage by screen size. To simplify analysis, we focused on the top 875 devices which accounted for 87 percent of sessions in March 2015. As a reminder, we categorize devices as follows:&nbsp;</p><figure class="tmblr-full"><img src="https://web.archive.org/web/20160228183419im_/http://41.media.tumblr.com/47b598b4337ad44f8043856853cfa944/tumblr_inline_nnkz75NYsU1tpd7xq_500.png" alt="image"/></figure><p><b><br/>Phablets More than Triple Share of Active Users</b><br/></p><figure class="tmblr-full"><img src="https://web.archive.org/web/20160228183419im_/http://40.media.tumblr.com/145878ba5ef5517f298f271c52e2eae9/tumblr_inline_nnkz8otQ151tpd7xq_500.jpg" alt="image"/></figure><p>It seems consumers worldwide are smitten with the combination of a large screen size and good old fashioned cellular telephony. Indeed, in some early adopter markets like Taiwan and Hong Kong, the share of active users on phablets is 50 percent. Six months after the iPhone 6 Plus launch, phablets are now the second most used form factor, after medium phones (such as the iPhone 6). The growth in phablets from only <a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fwww.flurry.com%2Fblog%2Fflurry-insights%2Ftides-turn-phablet%25E2%2580%2599s-popularity%23.VTxNHhOUc7M&amp;t=NWZmNGJiMjg3MjMzMjY5MzdiMjgzODQyN2U5YmUzOGIxNGE4ZDIzMywzVkhiMXVwWQ%3D%3D">a year ago</a> is staggering: In January 2014 phablets accounted for only 6 percent of the used devices. In March 2015 the phablet share more than tripled to 20 percent! This growth has come mostly at the expense of medium phones, which lost 9 percent share in the past year. Full-size tablets and small phones also suffered losses in share while small tablets held their ground at 7 percent. <br/></p><p><b></b></p><p><b><br/>Despite Big Apple Launch, Android Continues to Lead the Phablet Revolution</b></p><figure class="tmblr-full"><img src="https://web.archive.org/web/20160228183419im_/http://41.media.tumblr.com/c46bb416eece01311ff0a48087b083f6/tumblr_inline_nnkzbjAhmu1tpd7xq_500.jpg" alt="image"/></figure><p><b><br/>Almost One-Third of Android Devices are Phablets</b></p><p>According to Flurry Analytics, 36 percent of active Android devices in the month of March 2015 were phablets, compared with only 4 percent on iOS. This is due to the fact that there is only one phablet by Apple, and it was just launched in September of last year. It might take some time for iOS enthusiasts to hop on the phablet bandwagon. To control for the replacement rate of devices (i.e., consumers may wait for their carrier plan to provide a device subsidy), we looked at the number of daily active users for the iPhone and the iPhone 6 Plus. &nbsp;Since the launch of these two devices, there have been approximately 2.75 times the number of iPhone 6s as Pluses. For iOS users, the phone is still winning over the phablet.</p><figure class="tmblr-full"><img src="https://web.archive.org/web/20160228183419im_/http://41.media.tumblr.com/dba2632776af12fc3e14dc9dbd7dadd3/tumblr_inline_nnkzc31AAT1tpd7xq_500.jpg" alt="image"/></figure><p><b> </b></p><p>As the chart above shows, the number of models of Android phablets has exploded in the past two years. In 2013, only 10 percent of Android phones were phablets. By 2015, phablet share has nearly tripled to 27 percent, largely at the expense of medium phones. Android manufacturers are increasing screen sizes and introducing more and more models of phablets.</p><p><b><br/>Phablets are Here to Stay</b></p><p>The pace of mobile growth and shifting of consumer preferences continues to be the fastest we&rsquo;ve witnessed in our lifetimes. 20 percent of all active devices are now phablets, up from only 3 percent two years ago and we see no sign of this trend stopping. If there is one lesson to be learned in the phablet revolution perhaps it is this: Don&rsquo;t bet against the Asian early adopter markets; they are usually onto something big.</p></blockquote> </section> <footer> <ul class="tags"> <li class="tt_%24GOOGL"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/tagged/%24GOOGL" title="The Phablet Revolution - $GOOGL">$GOOGL</a></li> <li class="tt_%24AAPL"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/tagged/%24AAPL" title="The Phablet Revolution - $AAPL">$AAPL</a></li> </ul> <ul class="credit"> <li class="reblog">Reblogged from <a href="https://web.archive.org/web/20160228183419/http://flurrymobile.tumblr.com/post/117769261810/the-phablet-revolution">Flurry Insights Blog</a></li> </ul> <ul class="tumblr-action"> <li class="reblog"> <a href="https://web.archive.org/web/20160228183419/https://www.tumblr.com/reblog/117774274284/3VHb1upY" class="reblog_button" style="display: block;width:20px;height:20px;"><svg width="100%" height="100%" viewbox="0 0 21 21" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" fill="#ccc"><path d="M5.01092527,5.99908429 L16.0088498,5.99908429 L16.136,9.508 L20.836,4.752 L16.136,0.083 L16.1360004,3.01110845 L2.09985349,3.01110845 C1.50585349,3.01110845 0.979248041,3.44726568 0.979248041,4.45007306 L0.979248041,10.9999998 L3.98376463,8.30993634 L3.98376463,6.89801007 C3.98376463,6.20867902 4.71892527,5.99908429 5.01092527,5.99908429 Z"></path><path d="M17.1420002,13.2800293 C17.1420002,13.5720293 17.022957,14.0490723 16.730957,14.0490723 L4.92919922,14.0490723 L4.92919922,11 L0.5,15.806 L4.92919922,20.5103758 L5.00469971,16.9990234 L18.9700928,16.9990234 C19.5640928,16.9990234 19.9453125,16.4010001 19.9453125,15.8060001 L19.9453125,9.5324707 L17.142,12.203"></path></svg></a> </li> <li class="like"> <div class="like_button" data-post-id="117774274284" id="like_button_117774274284"><iframe id="like_iframe_117774274284" src="https://web.archive.org/web/20160228183419if_/http://assets.tumblr.com/assets/html/like_iframe.html?_v=7e54d4bd89ee867096df32769aefa90c#name=yahoofinance&amp;post_id=117774274284&amp;color=grey&amp;rk=3VHb1upY&amp;root_id=117769261810" scrolling="no" width="20" height="20" frameborder="0" class="like_toggle" allowtransparency="true" name="like_iframe_117774274284"></iframe></div> </li> </ul> <ul class="meta"> <li class="time"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/117774274284/the-phablet-revolution">Apr 30th, 2015</a></li> <li class="notes"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/117774274284/the-phablet-revolution">119</a></li> </ul> </footer> </article> <article class="text featured target lilly_pulitzer tgt reblog" id="post_117089809499" data-postid="117089809499" data-permalink="http://yahoofinance.tumblr.com/post/117089809499/targets-stunt-so-obvious-hint-potatoes" data-reblog="https://www.tumblr.com/reblog/117089809499/UUTo0YCA"> <header> <h2><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/117089809499/targets-stunt-so-obvious-hint-potatoes">Target&rsquo;s stunt - so obvious. Hint: potatoes</a></h2> </header> <section> <p><a href="https://web.archive.org/web/20160228183419/http://kathryncicoletti.tumblr.com/post/116937455616/targets-stunt-so-obvious-hint-potatoes">kathryncicoletti</a>:</p> <blockquote><figure class="tmblr-full"><img src="https://web.archive.org/web/20160228183419im_/http://40.media.tumblr.com/d31a0b0f7d42bb4d0a7c49fc4d6c3d5e/tumblr_inline_nn4h3kgO4K1royiy5_500.jpg" alt="image"/></figure><p>While I feel semi-sorry for the people who waited for hours outside of Target to purchase Lily Pulitzer, and then were greeted with this upon entering&hellip;.<br/></p><figure class="tmblr-full"><img src="https://web.archive.org/web/20160228183419im_/http://40.media.tumblr.com/589ef22e6cc8d83cf6a63f37948ce46d/tumblr_inline_nn4gs0yEox1royiy5_500.jpg" alt="image"/></figure><p>&hellip;&hellip;I actually feel more sorry that you don&rsquo;t realize you were just punked by a retailer who used the oldest potato trick on the planet.</p><p>In the late 1700s King Frederick of Prussia heard about the potato and thought it would be a great idea to introduce potatoes to Germany. So what did he do? He ordered his people to plant potatoes.</p><p>One of the problems he faced was there were once traces of poisonous substances found in potatoes that caused leprosy. So of course, his people did not want to plant potatoes even though he knew they were a good crop with high nutritional value and good for their economy.</p><p>So what did The King do? He planted a potato field.</p><figure class="tmblr-full"><img src="https://web.archive.org/web/20160228183419im_/http://40.media.tumblr.com/73cc8985509e9b3e52a57c38af959eec/tumblr_inline_nn4gtj5SF91royiy5_500.png" alt="image"/></figure><p>On Instagram he preached about how amazing potatoes are to the locals.</p><figure class="tmblr-full"><img src="https://web.archive.org/web/20160228183419im_/http://40.media.tumblr.com/42596e3e6e722642cc64ee099c0d87ba/tumblr_inline_nn4gueGngT1royiy5_500.png" alt="image"/></figure><p>He had his soldiers guard the potato fields at night. This of course piqued the interest from locals.</p><figure class="tmblr-full"><img src="https://web.archive.org/web/20160228183419im_/http://41.media.tumblr.com/ab6d46d78f2daa17a66c5bb81f0bd7c1/tumblr_inline_nn4gv2UY8d1royiy5_500.jpg" alt="image"/></figure><p>The King then told his soldiers to continue guarding the potatoes, but to let some of the locals steal some without the locals knowing the guards where intentionally letting them sneak some out. So basically just let some of the supply leak, intentionally, but keep it controlled.</p><figure class="tmblr-full"><img src="https://web.archive.org/web/20160228183419im_/http://41.media.tumblr.com/cab3b66522b0ef5ba137684940eb6e61/tumblr_inline_nn4gw2k4mk1royiy5_500.jpg" alt="image"/></figure><p>Demand for the potato surged.&nbsp;No Lily tunics for you for your trip to Marriott by the Sea.&nbsp;The end.</p><figure class="tmblr-full"><img src="https://web.archive.org/web/20160228183419im_/http://36.media.tumblr.com/e39afcffea530b88a119e525bfa5376e/tumblr_inline_nn4gwsqUhY1royiy5_500.png" alt="image"/></figure><p>&mdash;&mdash;&mdash;</p><p><i>originally appeared on&nbsp;<a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fblog.themsbcheatsheet.com&amp;t=ZTY2M2IyYTIxMzk4MTc1ZTMxZmI0M2NlYjE1N2FkMmVlYjVhMWI0YixVVVRvMFlDQQ%3D%3D">blog.themsbcheatsheet.com</a></i></p><p>&mdash;&mdash;&mdash;</p><p><i><a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=https%3A%2F%2Fwww.flickr.com%2Fphotos%2F25784779%40N04%2F2423386656%2Fin%2Fphotolist-8AXMeY-8AXM2W-7wWCWB-7vKdQr-2tgoXm-4G9uqy-gSrgp-4SaVEM-6nJEyp-73JL4o-73EN2F-73JL33-oDU5T-73JL23&amp;t=MTA2ZTEzMGE3YjcwZmY3NzJiMGJjZGU1NmIxOWEwMjg1YzQ5NDZlMixVVVRvMFlDQQ%3D%3D">image</a>,&nbsp;<a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fwww.businessinsider.com%2Ftarget-revived-a-big-part-of-its-business-2015-4&amp;t=YzE2NjEyZmQ1MTFkNjEwY2YwNGQ2MzhmNjcyMmQ1MmJhYmUyMzY2NSxVVVRvMFlDQQ%3D%3D">image</a>, <a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=https%3A%2F%2Finstagram.com%2Ftargetstyle%2F&amp;t=MGU1YzhkNzQ1OTc3OTdlYWQxMDI0MTFmOTJiYzAxY2IwMDIzNzlmNyxVVVRvMFlDQQ%3D%3D">image</a>, <a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Ffinance.yahoo.com%2Fecharts%3Fs%3DTGT+Interactive%23&amp;t=ZmFjZTRiZDM4Mzc4ZjE2ODA5ZTBhNzkwYTExN2FkMzc0ZWZkMTgwOCxVVVRvMFlDQQ%3D%3D">image</a></i></p></blockquote> </section> <footer> <ul class="tags"> <li class="tt_Target"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/tagged/Target" title="Target’s stunt - so obvious. Hint: potatoes - Target">Target</a></li> <li class="tt_lilly+pulitzer"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/tagged/lilly-pulitzer" title="Target’s stunt - so obvious. Hint: potatoes - lilly pulitzer">lilly pulitzer</a></li> <li class="tt_%24TGT"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/tagged/%24TGT" title="Target’s stunt - so obvious. Hint: potatoes - $TGT">$TGT</a></li> </ul> <ul class="credit"> <li class="reblog">Reblogged from <a href="https://web.archive.org/web/20160228183419/http://mscheatsheet.tumblr.com/post/116937455616/targets-stunt-so-obvious-hint-potatoes">Ms. Cheat Sheet Tumblr</a></li> </ul> <ul class="tumblr-action"> <li class="reblog"> <a href="https://web.archive.org/web/20160228183419/https://www.tumblr.com/reblog/117089809499/UUTo0YCA" class="reblog_button" style="display: block;width:20px;height:20px;"><svg width="100%" height="100%" viewbox="0 0 21 21" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" fill="#ccc"><path d="M5.01092527,5.99908429 L16.0088498,5.99908429 L16.136,9.508 L20.836,4.752 L16.136,0.083 L16.1360004,3.01110845 L2.09985349,3.01110845 C1.50585349,3.01110845 0.979248041,3.44726568 0.979248041,4.45007306 L0.979248041,10.9999998 L3.98376463,8.30993634 L3.98376463,6.89801007 C3.98376463,6.20867902 4.71892527,5.99908429 5.01092527,5.99908429 Z"></path><path d="M17.1420002,13.2800293 C17.1420002,13.5720293 17.022957,14.0490723 16.730957,14.0490723 L4.92919922,14.0490723 L4.92919922,11 L0.5,15.806 L4.92919922,20.5103758 L5.00469971,16.9990234 L18.9700928,16.9990234 C19.5640928,16.9990234 19.9453125,16.4010001 19.9453125,15.8060001 L19.9453125,9.5324707 L17.142,12.203"></path></svg></a> </li> <li class="like"> <div class="like_button" data-post-id="117089809499" id="like_button_117089809499"><iframe id="like_iframe_117089809499" src="https://web.archive.org/web/20160228183419if_/http://assets.tumblr.com/assets/html/like_iframe.html?_v=7e54d4bd89ee867096df32769aefa90c#name=yahoofinance&amp;post_id=117089809499&amp;color=grey&amp;rk=UUTo0YCA&amp;root_id=116937455616" scrolling="no" width="20" height="20" frameborder="0" class="like_toggle" allowtransparency="true" name="like_iframe_117089809499"></iframe></div> </li> </ul> <ul class="meta"> <li class="time"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/117089809499/targets-stunt-so-obvious-hint-potatoes">Apr 22nd, 2015</a></li> <li class="notes"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/117089809499/targets-stunt-so-obvious-hint-potatoes">30</a></li> </ul> </footer> </article> <article class="text featured morn reblog" id="post_116383156774" data-postid="116383156774" data-permalink="http://yahoofinance.tumblr.com/post/116383156774/the-genius-of-paul-rand" data-reblog="https://www.tumblr.com/reblog/116383156774/hmBn6QKr"> <header> <h2><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/116383156774/the-genius-of-paul-rand">The Genius of Paul Rand</a></h2> </header> <section> <p><a href="https://web.archive.org/web/20160228183419/http://joemansueto.tumblr.com/post/115685401178/the-genius-of-paul-rand">joemansueto</a>:</p> <blockquote><figure class="tmblr-full"><img src="https://web.archive.org/web/20160228183419im_/http://41.media.tumblr.com/75c751ddffe6b9bdb10973a262e9505d/tumblr_inline_nmedmgXPrL1rmglc7_500.jpg" alt="image"/></figure><p>The opening of the exhibition, &ldquo;<a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fwww.mcny.org%2Fexhibition%2Feverything-design&amp;t=YjljOTZjNzE2NmFjMjQ5MTRiZjRiNjA5MTc4YjZmYjlhOGM4YjY2ZSxobUJuNlFLcg%3D%3D">Everything is Design: The Work of Paul Rand</a>,&rdquo; at the Museum of the City of New York led me to reflect on Paul&rsquo;s life and work. Paul Rand was one of the leading designers of the 20<sup>th</sup> century. He brought a fine arts perspective to graphic design and helped to significantly elevate the quality of the profession. There is a powerful mix of simplicity, restraint, and at times, whimsy in his work that makes it especially memorable. He also taught design at Yale and authored many books, including <i>A Designer&rsquo;s Art</i>, which is how I came across Paul when I read it in the 1980s. &nbsp;</p><p>Paul is well known for his many corporate logos&mdash;ABC, UPS, Westinghouse, NeXT Computer, and our own logo at Morningstar. I was fortunate to convince Paul to take on our logo assignment in 1991 when Morningstar was just a small company.</p><p>I was impressed with Paul&rsquo;s work and design philosophy after I read <i>A Designer&rsquo;s Art. </i>In 1990, as a six-year-old company, we started to get serious about design. We wanted to create products for investors that were beautifully designed and helped investors distill massive amounts of data into reports that were clear and easy to understand. I knew a revamp of our design program had to begin with our logo. So who better to call on than Paul Rand?</p><p>I called a few designers in New York to track him down. The first response I received was &ldquo;Paul Rand? Isn&rsquo;t he dead?&rdquo; (He was 77 at the time.) But I persevered. I eventually found him at his home in Weston, Connecticut. He answered the phone in a gruff voice: &ldquo;I&rsquo;m busy now. Call me back in a month.&rdquo; An odd approach to customer service, but I wanted Paul, so I dutifully waited a month. &nbsp;</p><p>I called again and got the same response. I could see where this was going. So I said, &ldquo;How about if I fly out to meet with you?&rdquo; Instantly, his whole manner changed. He was pleasant and agreed to meet me. He later told me he received many calls for logo assignments, but no one ever followed up or came to see him. So that made the difference.</p><p>I flew to Connecticut and spent a wonderful morning with Paul in his home. He had a beautiful, art-filled home with floor-to-ceiling windows on a wooded lot. It was snowy outside, and we sat at his dining room table as his wife Marion came in occasionally to refill our coffee.</p><p>Our conversation focused on art and design. He recommended I read John Dewey&rsquo;s <i>Art as Experience</i>. He was critical of IBM for its approach to design. He showed me various works of his that were never implemented, like a new Ford logo. He wasn&rsquo;t a fan of decisions by committee. It was a lively, wide-ranging conversation. But I found it curious he never asked me about Morningstar. </p><p>When we were wrapping up, he said, &ldquo;Morningstar&hellip;.you&rsquo;ve got a &lsquo;g&rsquo;, an &lsquo;s&rsquo;&hellip;I&rsquo;ll get back to you when I&rsquo;m done.&rdquo; I then told him I had two requirements. First, I wanted the logo and the word Morningstar to be one thing&mdash;like Coca-Cola&rsquo;s logo&mdash;and not a mark plus the word Morningstar. He groused about that but finally agreed. Second, I told him I knew he designed many great logos, but Morningstar was really important to me&mdash;my life&rsquo;s work&mdash;and I wanted him to promise he&rsquo;d give me his best work. He groused about that, too, but finally said he&rsquo;d do his best.</p><p>As we were walking out, I thought I should ask about his fee. &ldquo;What are your revenues?&rdquo; he responded without hesitation. I told him our sales were between $1 million and $2 million. &ldquo;That&rsquo;ll be $50,000. Half upfront.&rdquo; He was a shrewd businessman, too. I immediately agreed, knowing it&rsquo;d be a worthwhile investment because a great logo is hugely valuable and the cost should really be spread over many years. </p><p>I went back to Chicago and waited. And waited. Our head of marketing asked me when the logo was going to be ready because a new Morningstar catalogue was in production. I knew from reading Paul&rsquo;s book&mdash;there&rsquo;s a part about good clients&mdash;that clients shouldn&rsquo;t bother the artist. Let him or her work.</p><p>But after several months, I broke down and gave him a call. He was in a good mood and said he was glad I called&mdash;he had just finished the logo the day before. He spent months&mdash;and filled several books&mdash;with logos with stars in them, playing off the word Morningstar. But then he remembered where the name Morningstar came from. It&rsquo;s from the last line of Thoreau&rsquo;s <i>Walden</i>,<i> </i>&ldquo;The sun is but a morning star.&rdquo; After recalling the origin of the name, he said he got the logo instantly&mdash;a rising sun in place of the &ldquo;o&rdquo; in Morningstar.</p><p>Paul didn&rsquo;t present his finished work to clients. Instead, he created a booklet that illustrated his design journey with the logo. At the end is a gatefold that unfolds the new logo. He said he&rsquo;d overnight the booklet. </p><p>It was a beautiful, handcrafted booklet that began with the old logo and illustrated the evolution in his thinking until he arrived at the final logo. On the cover of the booklet, Paul attached a note: &ldquo;Joe, here is my best work ever&mdash;with 11 letters. &mdash;Paul Rand.&rdquo;</p><p>Paul was very concerned that after he designed our logo &ldquo;some hack&rdquo; would make a mess of its use. I knew from reading his books that a logo becomes great when people see it many times in many different formats. But it must be used in a consistent manner and in the right way.</p><p>So I asked his advice on getting design help. He said I was in luck. His teaching colleague from Yale, Philip Burton, had just taken an assignment at the University of Illinois at Chicago. So I called Philip, and he agreed to help. That conversation began a long and important relationship with Philip. &nbsp;</p><p>Philip led us to David Williams, who at the time was heading design at the Museum of Contemporary Art in Chicago. David and Philip have led design at Morningstar ever since and helped establish design as one of our core competencies. It&rsquo;s something we consider in every aspect of our business, from our workspace design to how we present information and how people interact with our products. So Paul was responsible not only for our logo, but for our design leadership. He cared passionately about creating great work and ensuring we used it properly. Sadly, Paul died in 1996. He was a giant in the world of design, and we at Morningstar owe him much.</p></blockquote> </section> <footer> <ul class="tags"> <li class="tt_%24MORN"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/tagged/%24MORN" title="The Genius of Paul Rand - $MORN">$MORN</a></li> </ul> <ul class="credit"> <li class="reblog">Reblogged from <a href="https://web.archive.org/web/20160228183419/http://joemansueto.tumblr.com/post/115685401178/the-genius-of-paul-rand">Joe Mansueto&#039;s Tumblr</a></li> </ul> <ul class="tumblr-action"> <li class="reblog"> <a href="https://web.archive.org/web/20160228183419/https://www.tumblr.com/reblog/116383156774/hmBn6QKr" class="reblog_button" style="display: block;width:20px;height:20px;"><svg width="100%" height="100%" viewbox="0 0 21 21" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" fill="#ccc"><path d="M5.01092527,5.99908429 L16.0088498,5.99908429 L16.136,9.508 L20.836,4.752 L16.136,0.083 L16.1360004,3.01110845 L2.09985349,3.01110845 C1.50585349,3.01110845 0.979248041,3.44726568 0.979248041,4.45007306 L0.979248041,10.9999998 L3.98376463,8.30993634 L3.98376463,6.89801007 C3.98376463,6.20867902 4.71892527,5.99908429 5.01092527,5.99908429 Z"></path><path d="M17.1420002,13.2800293 C17.1420002,13.5720293 17.022957,14.0490723 16.730957,14.0490723 L4.92919922,14.0490723 L4.92919922,11 L0.5,15.806 L4.92919922,20.5103758 L5.00469971,16.9990234 L18.9700928,16.9990234 C19.5640928,16.9990234 19.9453125,16.4010001 19.9453125,15.8060001 L19.9453125,9.5324707 L17.142,12.203"></path></svg></a> </li> <li class="like"> <div class="like_button" data-post-id="116383156774" id="like_button_116383156774"><iframe id="like_iframe_116383156774" src="https://web.archive.org/web/20160228183419if_/http://assets.tumblr.com/assets/html/like_iframe.html?_v=7e54d4bd89ee867096df32769aefa90c#name=yahoofinance&amp;post_id=116383156774&amp;color=grey&amp;rk=hmBn6QKr&amp;root_id=115685401178" scrolling="no" width="20" height="20" frameborder="0" class="like_toggle" allowtransparency="true" name="like_iframe_116383156774"></iframe></div> </li> </ul> <ul class="meta"> <li class="time"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/116383156774/the-genius-of-paul-rand">Apr 14th, 2015</a></li> <li class="notes"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/116383156774/the-genius-of-paul-rand">39</a></li> </ul> </footer> </article> <article class="video featured dis reblog" id="post_116316658444" data-postid="116316658444" data-permalink="http://yahoofinance.tumblr.com/post/116316658444/marvels-ant-man-trailer-looks-awesome" data-reblog="https://www.tumblr.com/reblog/116316658444/lIsFo43P"> <header> <iframe width="500" height="281" id="youtube_iframe" src="https://web.archive.org/web/20160228183419if_/https://www.youtube.com/embed/pWdKf3MneyI?feature=oembed&amp;enablejsapi=1&amp;origin=http://safe.txmblr.com&amp;wmode=opaque" frameborder="0" allowfullscreen></iframe> </header> <section> <p><b>Marvel&rsquo;s Ant-Man trailer looks awesome</b><br/></p><p><a href="https://web.archive.org/web/20160228183419/http://mashable.tumblr.com/post/116315693237/the-new-trailer-for-ant-man-reveals-some-super">mashable</a>:</p> <blockquote><p><a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fon.mash.to%2F1NyS307&amp;t=OTFmODQ5ZTM5MzcyYTVkZWE1MzE5YzkwMjlmNDNiYTIzYjIzNzNmMixsSXNGbzQzUA%3D%3D">The new trailer for &lsquo;Ant-Man&rsquo; reveals some super intense pocket-sized action</a>.<br/></p></blockquote> </section> <footer> <ul class="tags"> <li class="tt_%24DIS"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/tagged/%24DIS" title="Yahoo Finance - $DIS">$DIS</a></li> </ul> <ul class="credit"> <li class="reblog">Reblogged from <a href="https://web.archive.org/web/20160228183419/http://mashable.tumblr.com/post/116315693237/the-new-trailer-for-ant-man-reveals-some-super">Mashable</a></li> <li class="source">Source <a href="https://web.archive.org/web/20160228183419/http://on.mash.to/1NyS307" class="source_link">on.mash.to</a></li> </ul> <ul class="tumblr-action"> <li class="reblog"> <a href="https://web.archive.org/web/20160228183419/https://www.tumblr.com/reblog/116316658444/lIsFo43P" class="reblog_button" style="display: block;width:20px;height:20px;"><svg width="100%" height="100%" viewbox="0 0 21 21" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" fill="#ccc"><path d="M5.01092527,5.99908429 L16.0088498,5.99908429 L16.136,9.508 L20.836,4.752 L16.136,0.083 L16.1360004,3.01110845 L2.09985349,3.01110845 C1.50585349,3.01110845 0.979248041,3.44726568 0.979248041,4.45007306 L0.979248041,10.9999998 L3.98376463,8.30993634 L3.98376463,6.89801007 C3.98376463,6.20867902 4.71892527,5.99908429 5.01092527,5.99908429 Z"></path><path d="M17.1420002,13.2800293 C17.1420002,13.5720293 17.022957,14.0490723 16.730957,14.0490723 L4.92919922,14.0490723 L4.92919922,11 L0.5,15.806 L4.92919922,20.5103758 L5.00469971,16.9990234 L18.9700928,16.9990234 C19.5640928,16.9990234 19.9453125,16.4010001 19.9453125,15.8060001 L19.9453125,9.5324707 L17.142,12.203"></path></svg></a> </li> <li class="like"> <div class="like_button" data-post-id="116316658444" id="like_button_116316658444"><iframe id="like_iframe_116316658444" src="https://web.archive.org/web/20160228183419if_/http://assets.tumblr.com/assets/html/like_iframe.html?_v=7e54d4bd89ee867096df32769aefa90c#name=yahoofinance&amp;post_id=116316658444&amp;color=grey&amp;rk=lIsFo43P&amp;root_id=116315693237" scrolling="no" width="20" height="20" frameborder="0" class="like_toggle" allowtransparency="true" name="like_iframe_116316658444"></iframe></div> </li> </ul> <ul class="meta"> <li class="time"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/116316658444/marvels-ant-man-trailer-looks-awesome">Apr 13th, 2015</a></li> <li class="notes"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/116316658444/marvels-ant-man-trailer-looks-awesome">93</a></li> </ul> </footer> </article> <article class="text featured reblog" id="post_114413297399" data-postid="114413297399" data-permalink="http://yahoofinance.tumblr.com/post/114413297399/how-to-apply-coach-jim-valvanos-life-principles" data-reblog="https://www.tumblr.com/reblog/114413297399/1vLZApWy"> <header> <h2><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/114413297399/how-to-apply-coach-jim-valvanos-life-principles">How to apply Coach Jim Valvano&rsquo;s life principles to your investing</a></h2> </header> <section> <p><a href="https://web.archive.org/web/20160228183419/http://dougkass.tumblr.com/post/114401793768/how-to-apply-coach-jim-valvanos-life-principles">dougkass</a>:</p><blockquote><figure><img src="https://web.archive.org/web/20160228183419im_/http://40.media.tumblr.com/e0e1a1ba120c2ee456438b4f92e17606/tumblr_inline_nlo08nY0gM1sboefb_500.jpg" alt="image"/></figure><blockquote><div><i>&ldquo;If you laugh, you think and you cry, that&rsquo;s a full day. That&rsquo;s a heck of a day. You do that seven days a week, you&rsquo;re going to have something special.&rdquo;<br/></i>&mdash; <a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fespn.go.com%2Fvideo%2Fclip%3Fid%3Despn%3A8684465&amp;t=YWFjMjZiNjRmMmJlZjg2YjQ1YTlhMWI5Njk2MjA3M2UzY2M2ZDdiYywxdkxaQXBXeQ%3D%3D">Jim Valvano</a>, coach of the 1983 North Carolina State basketball team</div></blockquote><p>March Madness is my favorite sporting event. I have the most precious memories of traveling with my youngest son to semifinal weekends and to Monday&rsquo;s finals. Our trips to the NCAA men&rsquo;s basketball tournament have, in part, defined my relationship with him.</p><p>And this morning, my thoughts are on a very specific game and an amazing speech &mdash; both of which can provide us with important life and investing lessons.</p><figure><img src="https://web.archive.org/web/20160228183419im_/http://41.media.tumblr.com/8c36b8c5470c57b1e36d605d2424dff3/tumblr_inline_nlo094voJv1sboefb_500.jpg" alt="image"/></figure><blockquote><div><i>&ldquo;We were such underdogs that even my mother took the Houston Cougars and gave the points.&rdquo;<br/></i><i>&mdash; Jim Valvano</i></div></blockquote><p><a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fnews.google.com%2Fnewspapers%3Fid%3DEapRAAAAIBAJ%26sjid%3DSxIEAAAAIBAJ%26pg%3D6614%252C787183&amp;t=YWI4ZmMzZmYxODNkMzU1ZWUwNTNhZWEyZmU0Mzc3OGIxYzk0ZDFhNCwxdkxaQXBXeQ%3D%3D">That game</a> took place <a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fwww.youtube.com%2Fwatch_popup%3Fv%3DpuQvU4PBzhI&amp;t=NzhhYzM5MjI0NzlmYjk0MWIxZDIwYmQ1MzgxMjI2Yjg3ZmQ2NzA2YiwxdkxaQXBXeQ%3D%3D">nearly 35 years ago in 1983</a>. In that game (the NCAA finals), a seemingly outmanned N.C. State Wolfpack (Sir Denny Gartman&rsquo;s team and alma mater!) faced the Houston Cougars who were led by two future NBA Hall of Famers in Hakeem &ldquo;the Dream&rdquo; Olajuwon and Clyde &ldquo;the Glide&rdquo; Drexler. Houston finished the regular season as the top team in the country and were collectively known as &ldquo;<a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fen.wikipedia.org%2Fwiki%2FPhi_Slama_Jama&amp;t=MmU0NjU2NmQ3ZjY3NDIwNjViOTYyOWQ3ODUyZTU5ZjRiNDEwYmI1NiwxdkxaQXBXeQ%3D%3D">Phi Slama Jama</a>,&rdquo; so named for the fast-paced showmanship of their game. Going into the championship game, Olajuwon boldly predicted &ldquo;the team with the most dunks will win.&rdquo;</p><p>Though only a No. 6 seed in their regional bracket, N.C. State Wolfpack was hardly a team of nobodies at No. 16 in the nation. It took an impressive late-season streak just to get them to that ranking, however, and nobody thought they had a chance against Houston (which had won 26 games going into the game against N.C. State). So it was quite a shock to see Lorenzo Charles dunk the winning two points in the last second of the game, and I will never forget Wolfpack coach Jim Valvano running around like a chicken with its head cut off.</p><p>And, oh, <a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fwww.sweetspeeches.com%2Fs%2F2557-jimmy-valvano-espy-awards-acceptance-speech-don-t-ever-give-up&amp;t=ZmYzNjRhNmNiODNlYTY1MTYyZTE3YzQwMGJhMjYwNTFlYTNiYzlmMywxdkxaQXBXeQ%3D%3D">that speech</a> (at the 1993 ESPY Awards) that Jim Valvano gave just eight weeks before he died of cancer. I still cry every time it is repeated on <i>ESPN</i>.</p><p>James Thomas Anthony Valvano was the mischievous middle son born to Rocco and Angela. When he was 17 years old he wrote down on an index card his professional aspirations. He would play basketball in high school (he did at Seaford High School in Long Island) and college (he did at Rutgers), become an assistant basketball coach (he did at Connecticut) then a head coach (his first head coach position was at Johns Hopkins, then at Bucknell and Iona), achieve victory in Madison Square Garden (he did while at Rutgers) and finally cut down the nets after winning a National Championship (he did with N.C. State).</p><h2>Some elements of Valvano&rsquo;s life lessons can be adopted into our investing strategy.</h2><figure><img src="https://web.archive.org/web/20160228183419im_/http://40.media.tumblr.com/f8c8d06f6ac20ff72eabd400a3bbd07a/tumblr_inline_nlo09nKsBT1sboefb_500.jpg" alt="image"/></figure><blockquote><div>&ldquo;No matter what business you&rsquo;re in, you can&rsquo;t run in place, or someone will pass you by. It doesn&rsquo;t matter how many games you&rsquo;ve won&hellip;. How do you go from where you are to where you want to be? I think you have to have an enthusiasm for life. You have to have a dream, a goal, and you have to be willing to work for it.&rdquo;<br/>&mdash; Jim Valvano</div></blockquote><p>The investment mosaic is a complicated one, and no one rule always works. How-to books may sell copies and make money for the authors, but they don&rsquo;t usually make the readers much money. There is no substitute for hard work in delivering superior investment returns. There are 86,400 seconds in a day, it&rsquo;s up to you to decide what to do with them. As I have repeatedly written, <a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fwww.thestreet.com%2Fstory%2F11728008%2F1%2Fkass-there-is-no-secret-sauce.html&amp;t=ZWI3OGE4NzE1N2NiNzQ4ZDI2OWVkZjE5MzE3Y2ZjM2RkMjI5YjZiYywxdkxaQXBXeQ%3D%3D">there is no secret sauce</a>, magical elixir or <a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fwww.thestreet.com%2Fstory%2F11861536%2F1%2Fkass-an-exercise-in-futility.html&amp;t=NjQwZWVkZWM2OTk1YjczNDIyZjFmYTBjZTc4ZjU4YjI2YzQwYTZmMywxdkxaQXBXeQ%3D%3D">special stock chart</a> that provides clarity to our investment decisions &mdash; rather it is a byproduct of hard-hitting research.</p><figure><img src="https://web.archive.org/web/20160228183419im_/http://40.media.tumblr.com/9c4b7654553ef6c49455ca9f7830cfcb/tumblr_inline_nlo0dwcMn51sboefb_500.jpg" alt="image"/></figure><blockquote><div>&ldquo;Be a dreamer. If you don&rsquo;t know how to dream, you&rsquo;re dead.&rdquo;<br/>&mdash; Jim Valvano</div></blockquote><p>A variant view and second-level thinking are necessary reagents to good investment returns. In <i><a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fwww.amazon.com%2FMost-Important-Thing-Thoughtful-Publishing%2Fdp%2F0231153686&amp;t=YTQ0MGFjNDU3ZTM3NWUyNDAyOGVhNzA3YWUwMDdmOGU0ODI2YTZhYSwxdkxaQXBXeQ%3D%3D">The Most Important Thing: Uncommon Sense for the Thoughtful Investor</a></i>, author Howard Marks addresses these two subjects.</p><p>In investing you must find an edge (or, as Michael Steinhardt calls it, a variant or differentiated view) by often thinking of factors/ideas that others haven&rsquo;t thought. Importantly, you must also avoid being too early &mdash; especially if your investor base has a different time frame than yours.</p><p>Second-level thinking trumps first-level thinking in delivering returns. As Howard puts it, First-level thinking says, &ldquo;It&rsquo;s a good company: let&rsquo;s buy the stock.&rdquo; Second-level thinking says, &ldquo;It&rsquo;s a good company, but everyone thinks it&rsquo;s a great company and it&rsquo;s not. So the stock&rsquo;s overrated and overpriced: let&rsquo;s sell.&rdquo; First-level thinking says, &ldquo;The outlook calls for low growth and rising inflation. Let&rsquo;s dump our stocks.&rdquo; Second-level thinking says, &ldquo;The outlook stinks, but everyone else is selling in panic. Buy!&rdquo;</p><figure><img src="https://web.archive.org/web/20160228183419im_/http://41.media.tumblr.com/7fbaa7daf6a65c7aa3ecc8ffd25d38d1/tumblr_inline_nlo0c5F1fg1sboefb_500.jpg" alt="image"/></figure><blockquote><div>&ldquo;I asked a ref if he could give me a technical foul for thinking bad things about him. He said, &lsquo;Of course not.&rsquo; I said, &lsquo;Well, I think you stink.&rsquo; And he gave me a technical. You can&rsquo;t trust &lsquo;em.&rdquo;<br/>&mdash; Jim Valvano</div></blockquote><p>I am often asked by investors (and others) why I don&rsquo;t usually listen to company executives or the guidance of their investors relations departments. To me, it is preferable to speak to people in the supply chain or to company competitors, for (to paraphrase Warren Buffett) managements often lie like Ministers of Finance on the eve of devaluation.</p><figure><img src="https://web.archive.org/web/20160228183419im_/http://41.media.tumblr.com/de7939ef1208bb07cb39dcfd7d92ec58/tumblr_inline_nlo0dgk6U61sboefb_500.jpg" alt="image"/></figure><blockquote><div>&ldquo;My father gave me the greatest gift anyone could give another person, he believed in me. &rdquo;<br/>&mdash; Jim Valvano</div></blockquote><p>You gotta believe in yourself.</p><p>You gotta know yourself, too. Wall Street is not a great place to &ldquo;find yourself.&rdquo; (There is a reason why there is a cemetery on one side and a church on the other side of the <b>New York Stock Exchange</b> building.) Psychology can be important; it often trumps cause-and-effect relationships that have been in place historically. Above all, have confidence in your own analysis (as long as it is thorough), even if your view is at variance with the consensus.</p><p>And of course, Coach Valvano&rsquo;s most recognized quote: <i>&ldquo;Don&rsquo;t give up, don&rsquo;t ever give up.&rdquo;</i></p><p>Learn to survive under adverse market conditions by avoiding large losses, and learn how to prosper during good times. Generally speaking, by maintaining discipline and stopping out your losses, you can live another day in your investing life. It is not batting averages or on-base percentages that count in this game; it is how you <a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fwww.thestreet.com%2Fstory%2F11844031%2F1%2Fthe-best-of-kass.html&amp;t=Y2M0M2M3ZTE1M2FmMzJkOTA1ZGViYjkyNWFjZGY5MjY1YTlkZTYwMiwxdkxaQXBXeQ%3D%3D">control the risk</a> in your portfolio. As an example, short positions can be hedged by owning cheap out-of-the-money calls, and long positions can be hedged by owning cheap out-of-the-money puts &mdash; especially in a low-volatility setting.</p><p>The V Foundation for Cancer Research (created in 1993 by Jim Valvano) has contributed over $100 million to cancer research. If you would like to contribute, <a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fwww.jimmyv.org%2F&amp;t=MGZiNjE3MjE0ZDBjNzI5ZDQ2NDg0ZDhhZWY2ZTM3NjVmNGZiODZmYywxdkxaQXBXeQ%3D%3D">here is the website</a>.</p></blockquote> </section> <footer> <ul class="credit"> <li class="reblog">Reblogged from <a href="https://web.archive.org/web/20160228183419/http://dougkass.tumblr.com/post/114401793768/how-to-apply-coach-jim-valvanos-life-principles">Kass&rsquo; Korner</a></li> </ul> <ul class="tumblr-action"> <li class="reblog"> <a href="https://web.archive.org/web/20160228183419/https://www.tumblr.com/reblog/114413297399/1vLZApWy" class="reblog_button" style="display: block;width:20px;height:20px;"><svg width="100%" height="100%" viewbox="0 0 21 21" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" fill="#ccc"><path d="M5.01092527,5.99908429 L16.0088498,5.99908429 L16.136,9.508 L20.836,4.752 L16.136,0.083 L16.1360004,3.01110845 L2.09985349,3.01110845 C1.50585349,3.01110845 0.979248041,3.44726568 0.979248041,4.45007306 L0.979248041,10.9999998 L3.98376463,8.30993634 L3.98376463,6.89801007 C3.98376463,6.20867902 4.71892527,5.99908429 5.01092527,5.99908429 Z"></path><path d="M17.1420002,13.2800293 C17.1420002,13.5720293 17.022957,14.0490723 16.730957,14.0490723 L4.92919922,14.0490723 L4.92919922,11 L0.5,15.806 L4.92919922,20.5103758 L5.00469971,16.9990234 L18.9700928,16.9990234 C19.5640928,16.9990234 19.9453125,16.4010001 19.9453125,15.8060001 L19.9453125,9.5324707 L17.142,12.203"></path></svg></a> </li> <li class="like"> <div class="like_button" data-post-id="114413297399" id="like_button_114413297399"><iframe id="like_iframe_114413297399" src="https://web.archive.org/web/20160228183419if_/http://assets.tumblr.com/assets/html/like_iframe.html?_v=7e54d4bd89ee867096df32769aefa90c#name=yahoofinance&amp;post_id=114413297399&amp;color=grey&amp;rk=1vLZApWy&amp;root_id=114401793768" scrolling="no" width="20" height="20" frameborder="0" class="like_toggle" allowtransparency="true" name="like_iframe_114413297399"></iframe></div> </li> </ul> <ul class="meta"> <li class="time"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/114413297399/how-to-apply-coach-jim-valvanos-life-principles">Mar 23rd, 2015</a></li> <li class="notes"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/114413297399/how-to-apply-coach-jim-valvanos-life-principles">48</a></li> </ul> </footer> </article> <article class="text featured tgt sne hack" id="post_113164690969" data-postid="113164690969" data-permalink="http://yahoofinance.tumblr.com/post/113164690969/why-cyber-security-is-the-next-big-thing" data-reblog="https://www.tumblr.com/reblog/113164690969/i5BBxP0O"> <header> <h2><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/113164690969/why-cyber-security-is-the-next-big-thing">Why cyber-security is the next big thing</a></h2> </header> <section> <figure><img src="https://web.archive.org/web/20160228183419im_/http://33.media.tumblr.com/3ce6890e11aedf2250f3f875d5ceb99b/tumblr_inline_nky6gyOvSP1s3wabl.jpg" alt="image"/></figure><p><i>Glenn Solomon is a managing partner at GGV Capital. He has led GGV&rsquo;s investments in Pandora, Zendesk, Nimble Storage among other companies. This post originally appeared on <a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fgoinglongblog.com%2Fcyber-security-next-big-thing%2F&amp;t=YzAzZTRjYTI1MmRmNzdmNDI1YTg0OTI0Yzc1NWQ2NzcxYmVjNTYxOCxpNUJCeFAwTw%3D%3D">Glenn&rsquo;s blog</a>. You can follow him on Twitter here: <a href="https://web.archive.org/web/20160228183419/https://twitter.com/glennsolomon">@glennsolomon</a>.</i></p><p>Over the past 18 months, the world has witnessed ever larger and more frequent security breaches of trusted IT systems. Target, Anthem, Sony, Uber&hellip; the list is getting longer. The costs are increasing &ndash; executives are getting fired and companies are losing market value as consumer trust wavers. While all of this is terrifying, the consequences of future cyber crimes will be even more dire. The perpetrators &ndash; organized, profit-motivated global crime rings and state-sponsored entities looking to advance political ideologies &ndash; are getting stronger. As I mentioned in my <a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fgoinglongblog.com%2Fpredictions-2015%2F&amp;t=NzdjZDMzM2I2OWVlMDRlMzUyOWZlN2FiMmVkZDY3MTljODkyZGE1YSxpNUJCeFAwTw%3D%3D">&lsquo;15 predictions post</a>, I believe we&rsquo;ll see the first major public breach of a governmental institution or agency with a corresponding declaration of cyber war by the US against an enemy. Many others are also focused on this trend. Journalists such as <a href="https://web.archive.org/web/20160228183419/https://twitter.com/nicoleperlroth">Nicole Perlroth</a> and <a href="https://web.archive.org/web/20160228183419/https://twitter.com/dannyyadron">Danny Yadron</a> have been tracking cyber security issues and have written many good pieces such as <a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fbits.blogs.nytimes.com%2F2014%2F12%2F02%2Fhacked-vs-hackers-game-on%2F&amp;t=MzY1ZGE4Yjk1ZjUyMGI1NGUzMTMwYmRkYjA0YzExOGVkOGY1MmM5YixpNUJCeFAwTw%3D%3D">this</a> and <a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fblogs.wsj.com%2Fdigits%2F2015%2F02%2F16%2Freport-bares-u-s-computer-espionage-tactics%2F%3Fmod%3DST1&amp;t=MTEwOWZmYjVjYzE1MjlkMWQ1MzZjMmIyMjg0NzcxZmNjMTJkZjQwNyxpNUJCeFAwTw%3D%3D">this</a>, and <a href="https://web.archive.org/web/20160228183419/https://twitter.com/briankrebs">Brian Krebs</a> keeps an very thorough <a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Fkrebsonsecurity.com%2F&amp;t=Nzg5NGM2M2QxZmYzNjgzMTc4MTRkYWM5ZjEwYmQ5YzQ1MTgzODcyNSxpNUJCeFAwTw%3D%3D">blog</a> on this topic. Fred Wilson also <a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=http%3A%2F%2Favc.com%2F2015%2F01%2Fwhat-is-going-to-happen%2F&amp;t=NWVjNGM5MWY1NjMwYjVmOGE2ZGM4NDdjNDIyMWYyZjU3ODEzOGNkNixpNUJCeFAwTw%3D%3D">predicted</a> &lsquo;15 would be a year of exploding cyber security budgets.</p><p>I&rsquo;ve focused much of my VC career on enterprise infrastructure, and given all the headlines, I&rsquo;m very bullish on cybersecurity. Now, it&rsquo;s no surprise a tech VC would be interested in security &mdash; big deal. But, I want to share why we&rsquo;re so bullish, what we&rsquo;re seeing from companies in the space, and how we think the market will evolve over the coming years. Some of key themes emerging that interest us include the following:</p><ul><li><b>Crowdsourcing</b> &ndash; Hackers, whether profit-minded or state-sponsored, are organized and sophisticated. &nbsp;It&rsquo;s an unfair fight when they target an individual company that has only its internal resources to bring to the table. &nbsp;To address this issue, companies developing solutions that extract wisdom, knowledge and coordination from the &ldquo;crowd&rdquo; are extremely compelling. &nbsp;Getting the benefits of a broad network of security professionals and experts to help identify threats and remediate these risks as they emerge will be a key strategy to successfully fight cyber-crime in the future. GGV recently invested in <a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=https%3A%2F%2Fwww.synack.com%2F&amp;t=NjRlMmMxNjg3ZGIyMGZjNWNhOTEzZThiODFmZWVmY2QzZDI5YjhhOCxpNUJCeFAwTw%3D%3D">Synack</a> to capitalize on this trend.<br/></li><li><b>Analytics &amp; Big Data</b> &ndash; Much has been made of the growth in data volumes, both consumer and business related, and the infrastructure to store and analyze this data. &nbsp;While all this new data has become a key attack surface for hackers, there&rsquo;s also opportunities to spot risky and possibly nefarious patterns in this data as well. &nbsp;Systems that suck in data of all types, correlate it, spot patterns and continually learn to identify emerging risks will be critical as cyber-criminals continue to become more sophisticated. &nbsp;GGV portfolio company <a href="https://web.archive.org/web/20160228183419/http://t.umblr.com/redirect?z=https%3A%2F%2Fwww.alienvault.com%2F&amp;t=NzlmODY3ZmE1MzAwYTQwMDMxNjFjZDNiMDIwY2FjOWJlNDk3ZTc5ZixpNUJCeFAwTw%3D%3D">AlienVault</a> is doing great work here.<br/></li><li><b>The Consumerization Trend Hits Security</b> &ndash; While consumer-oriented, workplace solutions such as Slack, Zendesk and DropBox have been widely adopted in companies, security products are still stuck in the dark ages. Meanwhile most of the high profile cyber attacks originate from &ldquo;social engineering&rdquo; or the compromise of an unsuspecting employee or other person with access to a network and applications. &nbsp;Getting employees to comply with security best practices is a real challenge, but consumerization can help change this. &nbsp;Security products built for usability from the ground up, enabling users to seamlessly integrate protection into their existing workflows, will create big value.<br/></li><li><b>Risk is Everywhere/ Protection Must Follow</b> &ndash; It&rsquo;s a great time to be a consumer. &nbsp;Our lights, thermostats, security systems and front door locks are connected and controllable remotely. Tesla has allowed us a glimpse into the future, when cars will be highly connected. Everything from the planes we fly to the medical devices and equipment used to keep us healthy is rapidly becoming IP-connected. This trend will unlock huge value but also creates massive new attack vectors for hackers. The consequences of a hacked front door lock, an airplane or an insulin pump are potentially dire. The bad guys are working on this already. Companies that seek to protect the connected-everything systems that are now proliferating are necessary and the payoff for successful players will be huge.<br/></li><li><b>Cloud Security Coming of Age</b> &ndash; Most security companies we meet support a specific form factor and deployment architecture. This is increasingly irrelevant. Hackers don&rsquo;t care about form factor; they only care about accessing sensitive data and compromising applications. In a cloud world, this type of data can live anywhere and applications can run in a very distributed fashion. Winning security companies will build their solutions to be relevant for a cloud world &ndash; nimble, agile and form-factor agnostic to protect key assets regardless of location.<br/></li></ul><p>While the cyber security industry is poised to create some huge winners, it&rsquo;s important to note that there will never be a perfect solution. &nbsp;No company can hope to completely wipe out all cybercrime; the best one can do is to try to stay on par with, or a bit ahead of, the hackers. &nbsp;As such, the best companies won&rsquo;t build products for a point in time but will focus on continuous innovation. Additionally, as vulnerabilities proliferate, the best entrepreneurs will prioritize and focus on those with the biggest payoff.</p><p>If you&rsquo;re interested in this space &ndash; as a seed or VC investor, a founder, an executive or a CISO/ security-focused IT professional, please reach out to me. I&rsquo;d love to connect to compare notes and collaborate.</p> </section> <footer> <ul class="tags"> <li class="tt_%24TGT"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/tagged/%24TGT" title="Why cyber-security is the next big thing - $TGT">$TGT</a></li> <li class="tt_%24SNE"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/tagged/%24SNE" title="Why cyber-security is the next big thing - $SNE">$SNE</a></li> <li class="tt_%24HACK"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/tagged/%24HACK" title="Why cyber-security is the next big thing - $HACK">$HACK</a></li> </ul> <ul class="credit"> </ul> <ul class="tumblr-action"> <li class="reblog"> <a href="https://web.archive.org/web/20160228183419/https://www.tumblr.com/reblog/113164690969/i5BBxP0O" class="reblog_button" style="display: block;width:20px;height:20px;"><svg width="100%" height="100%" viewbox="0 0 21 21" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" fill="#ccc"><path d="M5.01092527,5.99908429 L16.0088498,5.99908429 L16.136,9.508 L20.836,4.752 L16.136,0.083 L16.1360004,3.01110845 L2.09985349,3.01110845 C1.50585349,3.01110845 0.979248041,3.44726568 0.979248041,4.45007306 L0.979248041,10.9999998 L3.98376463,8.30993634 L3.98376463,6.89801007 C3.98376463,6.20867902 4.71892527,5.99908429 5.01092527,5.99908429 Z"></path><path d="M17.1420002,13.2800293 C17.1420002,13.5720293 17.022957,14.0490723 16.730957,14.0490723 L4.92919922,14.0490723 L4.92919922,11 L0.5,15.806 L4.92919922,20.5103758 L5.00469971,16.9990234 L18.9700928,16.9990234 C19.5640928,16.9990234 19.9453125,16.4010001 19.9453125,15.8060001 L19.9453125,9.5324707 L17.142,12.203"></path></svg></a> </li> <li class="like"> <div class="like_button" data-post-id="113164690969" id="like_button_113164690969"><iframe id="like_iframe_113164690969" src="https://web.archive.org/web/20160228183419if_/http://assets.tumblr.com/assets/html/like_iframe.html?_v=7e54d4bd89ee867096df32769aefa90c#name=yahoofinance&amp;post_id=113164690969&amp;color=grey&amp;rk=i5BBxP0O&amp;root_id=113164690969" scrolling="no" width="20" height="20" frameborder="0" class="like_toggle" allowtransparency="true" name="like_iframe_113164690969"></iframe></div> </li> </ul> <ul class="meta"> <li class="time"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/113164690969/why-cyber-security-is-the-next-big-thing">Mar 9th, 2015</a></li> <li class="notes"><a href="https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com/post/113164690969/why-cyber-security-is-the-next-big-thing">29</a></li> </ul> </footer> </article> </div> <nav id="pagination"> <ul> <li><a class="prev " href="">Prev Page</a></li> <li class="current-page"><span>1</span></li> <li><a class="jump-page" href="/web/20160228183419/http://yahoofinance.tumblr.com/page/2">2</a></li> <li><a class="jump-page" href="/web/20160228183419/http://yahoofinance.tumblr.com/page/3">3</a></li> <li><a class="jump-page" href="/web/20160228183419/http://yahoofinance.tumblr.com/page/4">4</a></li> <li><a class="jump-page" href="/web/20160228183419/http://yahoofinance.tumblr.com/page/5">5</a></li> <li><a class="next active" href="/web/20160228183419/http://yahoofinance.tumblr.com/page/2">Next Page</a></li> </ul> </nav> <footer class="extras"> <section class="liked-posts"> <h4>Liked Posts</h4> <ul id="likes"><li class="like_post like_text_post"><div class="post_info_top" style="display:none;"><a href="https://web.archive.org/web/20160228183419/http://bloombergview.tumblr.com/post/119537443500/think-big-apple-the-ilivingroom">Post</a> <span class="via">via</span> <a href="https://web.archive.org/web/20160228183419/http://bloombergview.tumblr.com/">bloombergview</a></div> <div class="like_title">Think big, Apple: the iLivingRoom</div><div class="post_info_bottom" style="display:none;"><a href="https://web.archive.org/web/20160228183419/http://bloombergview.tumblr.com/post/119537443500/think-big-apple-the-ilivingroom">Post</a> <span class="via">via</span> <a href="https://web.archive.org/web/20160228183419/http://bloombergview.tumblr.com/">bloombergview</a></div></li> <li class="like_post like_text_post"><div class="post_info_top" style="display:none;"><a href="https://web.archive.org/web/20160228183419/http://jamesaltucher.tumblr.com/post/119279304094/what-i-learned-about-leadership-when-i-interviewed">Post</a> <span class="via">via</span> <a href="https://web.archive.org/web/20160228183419/http://jamesaltucher.tumblr.com/">jamesaltucher</a></div> <div class="like_title">What I Learned About Leadership When I...</div><div class="post_info_bottom" style="display:none;"><a href="https://web.archive.org/web/20160228183419/http://jamesaltucher.tumblr.com/post/119279304094/what-i-learned-about-leadership-when-i-interviewed">Post</a> <span class="via">via</span> <a href="https://web.archive.org/web/20160228183419/http://jamesaltucher.tumblr.com/">jamesaltucher</a></div></li> </ul> <p><a href="https://web.archive.org/web/20160228183419/http://www.tumblr.com/liked/by/yahoofinance" class="btn">More liked posts</a></p> </section> <section class="social-links"> <h4>Find Us On</h4> <ul> <li><a href="https://web.archive.org/web/20160228183419/http://www.facebook.com/yahoofinance" class="social-icon-facebook"><span>Facebook</span></a></li> <li><a href="https://web.archive.org/web/20160228183419/http://www.twitter.com/yahoofinance" class="social-icon-twitter"><span>Twitter</span></a></li> </ul> </section> <section class="bottom"> <ul> <li class="copyright">&copy; Copyright 2013–2016. Yahoo Finance - All Rights Reserved.</li> <li class="credit"><a href="https://web.archive.org/web/20160228183419/http://yahoo.tumblr.com/" window="_blank">Yahoo Theme</a> created by <a href="https://web.archive.org/web/20160228183419/http://stylehatch.co/" window="_blank">Style Hatch</a></li> </ul> </section> </footer> </div> </div> <!--! end of #container --> <script src="https://web.archive.org/web/20160228183419js_/http://static.tumblr.com/fftf9xi/xr4mopfqi/plugins.min.js"></script> <script src="https://web.archive.org/web/20160228183419js_/http://static.tumblr.com/fftf9xi/Iosmopfqw/script.min.js"></script> <script type="text/javascript"> if(!(/Android|iPhone|iPad|iPod|BlackBerry|Windows Phone/i).test(navigator.userAgent || navigator.vendor || window.opera)){ skrollr.init({ forceHeight: false, edgeStrategy: 'ease' }); } </script> <script type="text/javascript"> if(!StyleHatch.customizeMode){ var _gaq = [['_setAccount', 'UA-41902729-11'], ['_trackPageview']]; (function(d, t) { var g = d.createElement(t), s = d.getElementsByTagName(t)[0]; g.async = true; g.src = '//web.archive.org/web/20160228183419/http://www.google-analytics.com/ga.js'; s.parentNode.insertBefore(g, s); })(document, 'script'); } </script> <!--[if lt IE 7 ]> <script src="//ajax.googleapis.com/ajax/libs/chrome-frame/1.0.2/CFInstall.min.js"></script> <script>window.attachEvent("onload",function(){CFInstall.check({mode:"overlay"})})</script> <![endif]--> <iframe scrolling="no" width="1" height="1" frameborder="0" style="background-color:transparent; overflow:hidden; position:absolute; top:0; left:0; z-index:9999;" id="ga_target"></iframe><script type="text/javascript"> (function(){ var analytics_frame = document.getElementById('ga_target'); var analytics_iframe_loaded; var user_logged_in; var blog_is_nsfw = 'No'; var addthis_enabled = false; var eventMethod = window.addEventListener ? "addEventListener" : "attachEvent"; var eventer = window[eventMethod]; var messageEvent = eventMethod == "attachEvent" ? "onmessage" : "message"; eventer(messageEvent,function(e) { var message = (e.data && e.data.split) ? e.data.split(';') : ''; switch (message[0]) { case 'analytics_iframe_loaded': analytics_iframe_loaded = true; postCSMessage(); postGAMessage(); postATMessage(); postRapidMessage(); break; case 'user_logged_in': user_logged_in = message[1]; postGAMessage(); postATMessage(); break; } }, false); analytics_frame.src = "https://web.archive.org/web/20160228183419/https://secure.assets.tumblr.com/analytics.html?499b7673d1672b0349955626f3bc719d#" + "https://web.archive.org/web/20160228183419/http://yahoofinance.tumblr.com"; function postGAMessage() { if (analytics_iframe_loaded && user_logged_in) { var is_ajax = false; analytics_frame.contentWindow.postMessage(['tick_google_analytics', is_ajax, user_logged_in, blog_is_nsfw, '/?route=%2F'].join(';'), analytics_frame.src.split('/analytics.html')[0]); } } function postCSMessage() { COMSCORE = true; analytics_frame.contentWindow.postMessage('enable_comscore;' + window.location, analytics_frame.src.split('/analytics.html')[0]); } function postATMessage() { if (addthis_enabled && analytics_iframe_loaded) { analytics_frame.contentWindow.postMessage('enable_addthis', analytics_frame.src.split('/analytics.html')[0]); } } function postRapidMessage() { if (analytics_iframe_loaded) { var is_ajax = ''; var route = '/'; var tumblelog_id = '118516397'; var yahoo_space_id = '1197719229'; var rapid_client_only = '1'; var apv = '1'; var rapid_ex = ''; analytics_frame.contentWindow.postMessage( [ 'tick_rapid', is_ajax, route, user_logged_in, tumblelog_id, yahoo_space_id, rapid_client_only, apv, rapid_ex ].join(';'), analytics_frame.src.split('/analytics.html')[0] ); } } })(); </script><script type="text/javascript">!function(s){s.src='https://web.archive.org/web/20160228183419/https://px.srvcs.tumblr.com/impixu?T=1456684407&J=eyJ0eXBlIjoidXJsIiwidXJsIjoiaHR0cDpcL1wveWFob29maW5hbmNlLnR1bWJsci5jb21cLyIsInJlcXR5cGUiOjAsInJvdXRlIjoiXC8ifQ==&U=DOKECOKJPO&K=1e04dbc5fe212ae32f57caefc3edd2ac6ad5ed8810e5d9633f05908810a89258&R=http%3A%2F%2Fyahoofinance.tumblr.com%2F'.replace(/&R=[^&$]*/,'').concat('&R='+escape(document.referrer)).slice(0,2000).replace(/%.?.?$/,'');}(new Image());</script><noscript><img style="position:absolute;z-index:-3334;top:0px;left:0px;visibility:hidden;" src="https://web.archive.org/web/20160228183419im_/https://px.srvcs.tumblr.com/impixu?T=1456684407&amp;J=eyJ0eXBlIjoidXJsIiwidXJsIjoiaHR0cDpcL1wveWFob29maW5hbmNlLnR1bWJsci5jb21cLyIsInJlcXR5cGUiOjAsInJvdXRlIjoiXC8iLCJub3NjcmlwdCI6MX0=&amp;U=DOKECOKJPO&amp;K=f091ce4ceac029e9435b88b3482ff042956886786490e7057f0ca1a653217a37&amp;R=http%3A%2F%2Fyahoofinance.tumblr.com%2F"></noscript><script> (function (w,d) { 'use strict'; var l = function(el, type, listener, useCapture) { el.addEventListener ? el.addEventListener(type, listener, !!useCapture) : el.attachEvent && el.attachEvent('on' + type, listener, !!useCapture); }; var a = function () { if (d.getElementById('tumblr-cdx')) { return; } var s = d.createElement('script'); var el = d.getElementsByTagName('script')[0]; s.async = true; s.src = 'https://web.archive.org/web/20160228183419/http://assets.tumblr.com/assets/scripts/vendor/cedexis/cedexis.radar.js?_v=7450eec657e34e1e41dac4e1af96a170'; s.type = 'text/javascript'; s.id = 'tumblr-cdx'; d.body.appendChild(s); }; l(w,'load',a); }(window, document)); </script><script type="text/javascript">!function(s){s.src='https://web.archive.org/web/20160228183419/https://px.srvcs.tumblr.com/impixu?T=1456684407&J=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&U=FOHDEIKJHK&K=c4c91ae9c815ecd9ba734bdda1f0a5bc7a4183e113a78619bb550556e233a29b&R=http%3A%2F%2Fyahoofinance.tumblr.com%2F'.replace(/&R=[^&$]*/,'').concat('&R='+escape(document.referrer)).slice(0,2000).replace(/%.?.?$/,'');}(new Image());</script><noscript><img style="position:absolute;z-index:-3334;top:0px;left:0px;visibility:hidden;" src="https://web.archive.org/web/20160228183419im_/https://px.srvcs.tumblr.com/impixu?T=1456684407&amp;J=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&amp;U=FOHDEIKJHK&amp;K=b60234a6eb5fdf990e713071c5381d4f6fd64cc810fdc43e1bb0ef09f6c549f4&amp;R=http%3A%2F%2Fyahoofinance.tumblr.com%2F"></noscript> <noscript id="bootloader" data-bootstrap="{&quot;Components&quot;:{&quot;TumblelogIframe&quot;:{&quot;tumblelogBundleSrc&quot;:&quot;http:\/\/assets.tumblr.com\/client\/prod\/standalone\/tumblelog\/index.js?_v=212f5ea624832a08d9a0179f221c89db&quot;,&quot;tumblelogName&quot;:&quot;yahoofinance&quot;,&quot;isLoggedIn&quot;:false,&quot;isFriend&quot;:false,&quot;formKey&quot;:&quot;&quot;,&quot;tumblelogTitle&quot;:&quot;Yahoo Finance&quot;,&quot;tumblelogAvatar&quot;:&quot;http:\/\/33.media.tumblr.com\/avatar_78724bdb2246_40.png&quot;,&quot;tumblelogHost&quot;:&quot;http:\/\/yahoofinance.tumblr.com&quot;,&quot;brag&quot;:true,&quot;currentPage&quot;:&quot;1&quot;,&quot;postId&quot;:&quot;&quot;,&quot;src&quot;:&quot;http:\/\/yahoofinance.tumblr.com\/&quot;,&quot;postUrl&quot;:&quot;&quot;,&quot;isBlocked&quot;:null,&quot;isAdmin&quot;:false,&quot;lookupButtonUrl&quot;:&quot;&quot;,&quot;showSpamButton&quot;:false,&quot;showRootPostButton&quot;:false,&quot;rootPostUrl&quot;:&quot;&quot;,&quot;showRadarPostButton&quot;:false,&quot;radarKeys&quot;:&quot;&quot;,&quot;isUniblocked&quot;:false,&quot;isNsfw&quot;:false,&quot;isAdult&quot;:false,&quot;isSpam&quot;:false,&quot;isPrimaryBlog&quot;:false,&quot;canEdit&quot;:false,&quot;canReblogSelf&quot;:false,&quot;showLikeButton&quot;:false,&quot;showReblogButton&quot;:false,&quot;reblogUrl&quot;:&quot;&quot;,&quot;showFanMailButton&quot;:false,&quot;showMessagingButton&quot;:false,&quot;loginCheckIframeSrc&quot;:&quot;http:\/\/assets.tumblr.com\/assets\/html\/iframe\/login_check.html?_v=282357db21d8a5883cc1c780ace4cb5f&quot;,&quot;appInstallUrl&quot;:&quot;https:\/\/go.onelink.me\/893408789?pid=tumblr_blog_network\u0026c=tumblr_blog_network\u0026af_sub3=blog_name&quot;}},&quot;Flags&quot;:{&quot;doods&quot;:&quot;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&quot;},&quot;Context&quot;:{&quot;name&quot;:&quot;default&quot;,&quot;time&quot;:1456684407000,&quot;userinfo&quot;:{&quot;primary&quot;:&quot;&quot;,&quot;name&quot;:&quot;&quot;,&quot;channels&quot;:[]},&quot;hosts&quot;:{&quot;assets_host&quot;:&quot;http:\/\/assets.tumblr.com&quot;,&quot;secure_assets_host&quot;:&quot;https:\/\/secure.assets.tumblr.com&quot;,&quot;www_host&quot;:&quot;http:\/\/www.tumblr.com&quot;,&quot;secure_www_host&quot;:&quot;https:\/\/www.tumblr.com&quot;,&quot;embed_host&quot;:&quot;https:\/\/embed.tumblr.com&quot;,&quot;safe_host&quot;:&quot;http:\/\/safe.txmblr.com&quot;,&quot;platform_host&quot;:&quot;http:\/\/platform.tumblr.com&quot;},&quot;language&quot;:&quot;en_US&quot;,&quot;language_simple&quot;:&quot;en&quot;},&quot;Translations&quot;:[]}"></noscript> <script src="https://web.archive.org/web/20160228183419js_/http://assets.tumblr.com/client/prod/standalone/tumblelog/index.js?_v=212f5ea624832a08d9a0179f221c89db"></script> </body> </html> <!-- FILE ARCHIVED ON 18:34:19 Feb 28, 2016 AND RETRIEVED FROM THE INTERNET ARCHIVE ON 06:21:18 Dec 12, 2024. JAVASCRIPT APPENDED BY WAYBACK MACHINE, COPYRIGHT INTERNET ARCHIVE. ALL OTHER CONTENT MAY ALSO BE PROTECTED BY COPYRIGHT (17 U.S.C. SECTION 108(a)(3)). --> <!-- playback timings (ms): captures_list: 0.624 exclusion.robots: 0.037 exclusion.robots.policy: 0.025 esindex: 0.012 cdx.remote: 46.204 LoadShardBlock: 377.872 (3) PetaboxLoader3.datanode: 321.197 (4) PetaboxLoader3.resolve: 193.592 (2) load_resource: 202.204 -->

Pages: 1 2 3 4 5 6 7 8 9 10