The bottom line
Social media loses its luster; Traffic at Google; The price of sushi; Staying in place; The housing market
Social media loses its luster
Silicon Valley investors are rapidly losing interest in social media. Social media firms received only 2 percent of the venture capital spent on Internet-based companies last quarter, down from a high of 21 percent in the third quarter of 2011. Big data and cloud-computing businesses appear to be the hot plays now.
Businessweek.com
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Traffic at Google
Google now accounts for around 25 percent of all consumer Internet traffic in North America—more than Facebook, Netflix, and Instagram combined.
Wired.com
The price of sushi
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
The most expensive place to eat sushi in the U.S. is New York City, where the basic cost is about 26 percent higher than the national average. The cheapest city in which to enjoy the raw fish delicacy is New Orleans, where prices are 23 percent below the national average.
Bloomberg.com
Staying in place
More than three in four U.S. employees say they have no desire to move up in their organizations. Some workers credit their lack of interest in promotions with having found a good balance between career challenges and family stability; others say they are wary of office politics, managerial responsibilities, and taking on tasks that don’t excite them.
The Wall Street Journal
The housing market
Existing home sales fell by 1.2 percent in June from the month before. But all four major U.S. regions still fared better than last year—especially the Midwest, where the number of existing home sales was up 16.5 percent from 12 months ago, despite higher interest rates.
Reuters.com
-
Does ketchup belong on a hot dog and more May 12 editorial cartoons
Cartoons Monday's cartoons feature Pope Leo XIV, Newark airport, and Donald Trump's meme coin
-
Make mine a soju and tonic: the rise of Korea's favourite spirit
The Week Recommends The rice-based drink can replace gin or vodka in traditional cocktails for a refreshing twist on the classics
-
The full moon calendar for every month
In depth When to see the lunar phenomenon every month
-
The news at a glance...International
feature International
-
The bottom line
feature Youthful startup founders; High salaries for anesthesiologists; The myth of too much homework; More mothers stay a home; Audiences are down, but box office revenue rises
-
The week at a glance...Americas
feature Americas
-
The news at a glance...United States
feature United States
-
The news at a glance
feature Comcast defends planned TWC merger; Toyota recalls 6.39 million vehicles; Takeda faces $6 billion in damages; American updates loyalty program; Regulators hike leverage ratio
-
The bottom line
feature The rising cost of graduate degrees; NSA surveillance affects tech profits; A glass ceiling for female chefs?; Bonding to a brand name; Generous Wall Street bonuses
-
The news at a glance
feature GM chief faces Congress; FBI targets high-frequency trading; Yellen confirms continued low rates; BofA settles mortgage claims for $9.3B; Apple and Samsung duke it out
-
The week at a glance...International
feature International