Tuesday, September 13, 2016

Facebook Versus the Media – Stratechery by Ben Thompson http://bit.ly/2coX3Gc “Remember, the entire reason why the media was so successful was because they made massive fixed cost investments in things like printing presses, delivery trucks, wireless spectrum, etc. that gave them monopolies or at worst oligopolies on local attention and thus advertising. The only flaw in the ointment was that actual content had to be created continuously, and that’s expensive.”


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