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"My name is AOL Time Warner, king of kings. Look upon my works, ye mighty, and despair." Nothing beside remains.
by acheron 6y ago
"My name is AOL Time Warner, king of kings. Look upon my works, ye mighty, and despair." Nothing beside remains.
- nolok 5y agoHey come on that's unfair, the jokes on that one will forever remain in the history books
- ethbr0 5y agoThere's two dead companies in that title, and the only live one owns content. Fair point: in a rapidly shifting marketplace, owning the well / mine is the best bet.
- oblio 5y agoDidn't you, historically, want to be the person selling shovels?
- ethbr0 5y agoDepends on how close you were to the 1800s -- widespread steam power & hydraulic mining. Mining shovels became worthless. People who owned exploitable resources continued to make money. (Also, denim)
- deeblering4 5y agoIt's a figure of speech. "Shovels" being the tools, e.g. shovels, hydraulic equipment, etc.
- ethbr0 5y agoPoint being that "shovels" change. Everyone always wants water or gold.
- lanstin 5y agoIs that Cisco or Sun in this analogy?
- deleted 5y ago[deleted]
- nl 5y agoDepends. If you won big on a gold/oil/internet strike you were much, much better off buying as many shovels you could at any price and mining for all you were worth. Selling shovels is a reliable, lower risk business for a while. But Sun/SGI/Cray/Dell/Nortel/etc show the risks that come with relying on shovel income.
- chris_wot 5y agoHey, didn’t you know “This next evolution of Yahoo will be the most thrilling yet”.
- pram 5y agoAs a reminder, it's AOL who bought Time Warner. Still blows my mind.