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How the internet changed culture — and what it means
Getting a job through compulsive tweeting marked my first exposure to the digital attention economy that was beginning to monopolize the Internet. I grasped a new formula: content = attention = followers = profit. Anything that made enough noise online could be monetized in one way or another. My online presence increasingly felt like a carefully c... See more
Kyle Chayka • Coming of Age at the Dawn of the Social Internet | The New Yorker
When I used to get ready for school, I would spend money on clothing for the first day of school, so I could impress 400 people. And the kind-of TAM of people that I could impress, of 400 people, is an order of magnitude smaller than who I can impress on the internet.
The New Consumer • NFTs, digital art, and the value shift between IRL and virtual life
Eichhorn responds to the sociologist Pierre Bourdieu's 1970s concept of "cultural capital": the fluency in forms of high culture that could bestow social status and help members of elite classes to identify one another.
Cultural capital is knowing that cashmere is a more aspirational fabric than cotton or that a Jackson Pollock painting is much mor
... See moreIf I think back to those corporate meetings I was part of early in my career, it’s easy to see today’s decision-making. A decade ago cultural criticism was a sparkly pixie dust you could spread over a business to give it a veneer of prestige. But in a world where TikToks dwarf all over forms of consumption and a video that someone spent a day makin... See more
The prestige recession
