Opinion | How the $500 Billion Attention Industry Really Works
added by sari ยท updated 1y ago
added by sari ยท updated 1y ago
Advertising as a business model for the web was unplanned. Google thought they were going to license their search algorithm.
sari added 2y ago
You have to shift cultural norms to get new business models to work where people pay for content.
sari added 2y ago
Ezra Klein asks: what comes first? the design of the internet, or what advertising needs on the internet? Tim Hwang think there is a deep path dependence in funding of platform companies. We have religious faith that if you aggregate a lot of attention online you will become the next Google/Facebook. We don't have a lot of examples of subscription
... See moresari added 2y ago
why do you have a like button? it makes engagement more measurable and easier to serve ads. all of our interactions are shaped by this.
sari added 2y ago
Ezra Klein:
Radio, newspapers, magazines, etc... are all heavily advertising supported. The only one not built on advertising is books, almost everything else we use to talk to each other is ad-based.
sari added 2y ago