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On Google being a Web 2.0 parasite...
Quote for the Day: Tuesday, July 17th, 2007
"Take Google, for example, the economic paragon of a truly successful Web 2.0 media company. With a market cap of approximately $150 billion, the Silicon Valley company took in $6.139 billion in revenue and $1.465 billion in profits in 2005. Telling is the fact that unlike companies such as Time Warner or Disney that create and produce movies, music, magazines, and television, Google is a parasite; it creates no content of its own."
Lawrence Lessig (citing Andrew Keen), Keen's "The Cult of the Amateur": BRILLIANT!
File under: Polemics, Web 2.0, Google, Social Media
"Take Google, for example, the economic paragon of a truly successful Web 2.0 media company. With a market cap of approximately $150 billion, the Silicon Valley company took in $6.139 billion in revenue and $1.465 billion in profits in 2005. Telling is the fact that unlike companies such as Time Warner or Disney that create and produce movies, music, magazines, and television, Google is a parasite; it creates no content of its own."
Lawrence Lessig (citing Andrew Keen), Keen's "The Cult of the Amateur": BRILLIANT!
File under: Polemics, Web 2.0, Google, Social Media
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