Alibaba beats estimates with Q4 profit of $3.84B on revenue of $13.9B, up 51% YoY, says annual active consumers reached 654M, mobile MAUs 721M (Yahoo Finance)

Why I (Still) Love Tech: In Defense of a Difficult Industry  —  We have graduated, along with oil, real estate, insurance, and finance, to the big T. Trillions of dollars.  Trillions!  Get to that number any way you like: Sum up the market cap of the major tech companies, or just take Apple’s valuation on a good day.

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