3 ms·
The 'value' creation is the small web site owners. And they filled the money pot for that eco system with remnant advertising dollars. I think it's great that
by bhousel 15y ago
The 'value' creation is the small web site owners. And they filled the money pot for that eco system with remnant advertising dollars.
I think it's great that small website owners can use AdSense to monetize what they do, but that really doesn't support the claim that "Google has created more value for more people than probably any other company in history."
- e-dard 15y agoYour argument, though, doesn't make Patrick's point necessarily false. Even if Google take more value from people than any other company, they can still provide a portion of that value to n other people, and assuming n is larger than any other company's n, Patrick's point still holds. </pedant>
- rbarooah 15y agoIs that assumption likely to hold?
- Drbble 15y agoNot pedantic, it's the core of the issue. Also, it is not obvious how much much of Google's ad profit is extraction (via being the monopolistic intermediary running an auction) vs creating genuinely novel introductions between buyers and sellers. Also, Google's value creation is not just in the money they pay to websites, it is also in their products (search, mail, etc)
- rmc 15y agoNot only adsense, but the simple google search engine itself. "A free worldwide massive search engine available to anyone on the internet that works almost instanteneously" is like far out science fiction a few years ago. They also give people free, massive, email accounts that has allowed many people to communicate, for free, with millions (billions?) of other people.