Tuesday, June 14, 2005
"The Power of Us" or Hey, Has Xian Seen This?
Here's an excerpt for Xian to maybe send his attorney to protect his copyright:
"Everywhere, people are getting together and, using the Internet,
disrupting whatever activities they're involved in." [quote by Pierre M. Omidyar, Founder & Chairman fo Ebay] ... Behold the power of us. It's the force behind the collective clamor of Weblogs that felled CBS (VIA ) anchorman Dan Rather and rocked the media establishment. Global crowds of open-source Linux programmers are giving even mighty Microsoft Corp. (MSFT ) fits. Virtual
supercomputers, stitched together from millions of volunteers' PCs, are helping
predict global climate change, analyze genetic diseases, and find new planets
and stars. One investment-management firm, Marketocracy Inc., even runs a sort
of stock market rotisserie league for 70,000 virtual traders. It skims the cream
of the best-performing portfolios to buy and sell real stocks for its $60
million mutual fund.
Although tech companies may be leading the way, their efforts are shaking
up other industries, including entertainment, publishing, and advertising.
Hollywood is under full-scale assault by 100 million people sharing songs and
movies online via programs such as Kazaa and BitTorrent. The situation is the
same with ad-supported media: Google Inc.'s (GOOG ) ace search engine
essentially polls the collective judgments of millions of Web page creators to
determine the most relevant search results. In the process, it has created a
multibillion-dollar market for supertargeted ads that's drawing money from
magazine display ads and newspaper classifieds. [Dim grey text and red emphasis mine.]