David Card
David Card
David Edward Cardis a Canadian labour economist and Professor of Economics at the University of California, Berkeley...
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If they put it on the front page with a link and a picture, people will get what is going on. They will just be surprised that Amazon is doing it.
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They've just come out of nowhere, and they're huge. They've done a number of things that were really smart. One was blogging. People have been doing personal home pages for as long as the Internet's been around, but they were one of the first social networks to jump on that. They've also jumped on music, and there's a lot of traffic surrounding that.
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Flash-device sales will surpass hard-drive sales. But the technology is not important. What's important is reaching a certain capacity at a certain price point at a certain size.
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There's a definite perception that people would be unwilling to invest or are nervous about that. Although, frankly, if people invest in tobacco companies, then I don't know. Not my place to be a moral judge.
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The thing you can do online that you can't do in the physical world is interactivity and two-way conversation.
prevent technology
At some point, you want to prevent the other technology from being adopted.
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Microsoft is looking to put more eyeballs in front of its search engine.
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Nothing ever replaces anything. When TV came along, radio didn't go away. This has the potential to unlock local ad dollars, but Amazon doesn't want to take phone calls.
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On one hand they're suspicious of them because of how big their market share is and the fact that they have that uniform pricing. On the other hand, they legitimized the digital music business.
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When you break down the barriers between communications, every IM user is able to send and receive more messages, which means they'll be spending a little more time on their messenger, and get a few more impressions.
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When VCR's reached about 15 percent penetration in the United States, that's when Blockbuster was created. You had this whole new business explode.
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Two uber-trends are crashing into each other: Retail is trying to turn itself into entertainment at the same time that entertainment is trying to turn itself into retail. What's unique about the Internet as a medium is it's an opportunity to blend the retail experience, the entertainment experience, and the discovery of new stuff. It's hard to do that on TV.
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The Office Live initiative is intriguing in that it provides services for smaller businesses that are paid for by advertising rather than software sales.
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It's not a proven business model yet. There will be some advertisers who won't mind sponsoring lots of crappy content cause they want to get in front the kids who go to these sites. But there are lots of advertisers who don't want anything do with it...One thing I can guarantee you is there's not enough advertising dollars to go around.