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Even if Amazon was profitable selling goods (it is not), its approach is to let marketplace sellers figure out which products sell well, then it starts sells th
by incrudible 4y ago
Even if Amazon was profitable selling goods (it is not), its approach is to let marketplace sellers figure out which products sell well, then it starts sells those items itself. Amazon is chasing the short tail.
Streaming services are fractured, but individually almost all of their revenue comes from blockbusters. Attempts at original content are killed quickly when they fail to deliver bigly. Netflix is particularly guilty of this.
The prediction in the book does not pan out. Today more than ever, the money goes to the top.
- ghaff 4y agoThere is a long tail and consumers get a lot of value from that long tail. But I don't wholly disagree that--in addition to the creators in the long tail not making much--the aggregators can make relatively little from it either compared to the blockbusters on the left hand side of the curve. So I think the observation that a long tail exists was absolutely correct but the claim of financial value from it is a mixed bag. (Anderson was also largely incorrect in his claims about the end of theory. https://www.wired.com/2008/06/pb-theory/ https://www.wired.com/2008/06/pb-theory/ )