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Erick Schonfeld



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The Money Mafia

A post by Erick Schonfeld at TechCrunch today really got me riled up: The SEC has shut down Prosper, a peer-to-peer lending site. This was up in the air until yesterday:Yesterday, the SEC issued its formal cease-and-desist letter (embedded below...

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Video Search Monetization Works: Blinkx CEO Claims

Video search works, particularly around professionally-produced content. Suranga Chandratillake CEO of Blinkx, the London/San Francisco-based video search engine told TechCrunch's Erick Schonfeld in this segment from the Beet.TV Online Video Roundtable, that his company is serving ads on 80-90 percent...

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Outbound FCC Chair Wants to Make the Wireless Web Free - And Porn-Free

Erick Schonfeld submits: In the waning days of his leadership at the FCC, chairman Kevin J. Martin is trying to push through some striking initiatives in his last chance to leave his mark on the agency. On Election Day, for instance, the FCC approved unlicensed use for white-space TV spectrum (aka, WiFi 2.0) that is being freed up. Now Martin wants to rid the wireless Web of porn. Complete...

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This Bear Market Brought to You by Jack Daniels

Erick Schonfeld submits: File this one under “Unfortunate Ad Placements.” On a day that the Dow dropped 680 points (7.7 percent), MarketWatch ran the Jack Daniels (BF.A) banner ad above. The ad shows the “countdown to the close” of the market in minutes and seconds, suggesting that might be a good time for a drink. Juxtaposed with the headline “Bears Refusing To Hibernate,” it takes...

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Mainstream print media auguring into the tarmac

Erick Schonfeld, writing at TechCrunch, highlights the death spiral of the mainstream print media ("Newspaper Death Spiral Continues; Industry Advertising Contracts $5 Billion So Far This Year"): The newspaper industry in the U.S. continues to shrink at an alarming rate. According to the Newspaper Association of America,, total industry advertising (both print and online) in the third...

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FCC Chair Wants to Make the Wireless Web Free - And Porn-Free

FCC Chair Wants to Make the Wireless Web Free - And Porn-FreePosted: 02-Dec-2008 [Source: SseekingAlpha] [Outgoing FCC chairman, Kevin J. Martin, set to push for decency standards on the Web when accessed by wireless devices.]By Erick Schonfeld (SeekingAlpha) -- "In the waning days of his leadership at the FCC, chairman Kevin J. Martin is trying to push through some striking initiatives...

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As Online Shopping Scales Back, Big Names Will Dominate

Erick Schonfeld submits: The theme this holiday shopping season is frugality. J.P. Morgan analyst Imran Khan expects online sales to be flat this year. In a survey of U.S. consumers conducted by J.P. Morgan, nearly 30 percent of online shoppers say they plan on spending less this year during the holidays than last year. Complete Story »

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Reports of New Microsoft/Yahoo Deal Are Hard to Believe

Erick Schonfeld submits: The UK’s Times Online is reporting that “Microsoft is in talks to acquire Yahoo’s online search business for $20 billion.” The report is filled with lots of juicy, specific details that lend it credence, but don’t make a lot of sense when you drill down into them. The new deal, according to the Times Online, is a complex transaction that involves Microsoft supporting...

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SEC Outlines Its Reasoning For Shutting Down P2P Lender Prosper (Erick Schonfeld/TechCrunch)

Erick Schonfeld / TechCrunch: SEC Outlines Its Reasoning For Shutting Down P2P Lender Prosper — Last month, peer-to-peer lender Prosper stopped all new lending on its site because of scrutiny by the SEC. Prosper agreed to register under the Securities Act, a process which can take months.

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Newspaper Death Spiral Continues - Ads Down 18% Y/Y

Erick Schonfeld submits: The newspaper industry in the U.S. continues to shrink at an alarming rate. According to the Newspaper Association of America, total industry advertising (both print and online) in the third quarter was $8.9 billion, down 18 percent from the year before. The online portion of that was $750 million, down 3 percent. So far in the first three quarters of 2008, the...

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Mumbai Terror Attacks, Big Event for Online Video Journalism

... former president of CBS News, Mark Larkin of CBSNews.com , KC Estenson of CNN.com and co-moderator Erick Schonfeld of TechCrunch. It will be interesting to see how the unfolding effects of the attacks in India will impact this trends. We will be watching this an updating this post throughout the day. -- Andy Plesser, Executive Producer

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Amazon, eBay: Headed for a Holiday Showdown

Erick Schonfeld submits: With economic recession in the air and layoffs everywhere, the outlook for online retail sales looks grim this holiday season. So far in November, online sales are 4 percent less than last year. Online retailers Amazon (AMZN) and eBay (EBAY) will be fighting for every last Christmas dollar. Complete Story »

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October Search: Google Gains but Growth Slows

Erick Schonfeld submits: ComScore released its October search-engine market share figures for the U.S. last night. Overall search volume grew 20.1 percent year-over-year to 12.6 billion queries, a decline in growth from the 25.5 percent pace we saw in September , but still quite healthy. Correspondingly, the annual growth in Google’s (GOOG) U.S. search volume slowed from 38.6 percent...