In any line of business where you’re earning healthy profits you always need to worry that a competitor will undercut you on price. But normally you can also have some confidence that they’ll be restrained in their price cutting by the need to maintain profits of their own. Amazon is totally off the leash in this regard. Wall Street treats it like a brand new startup that just needs to think about growth and can find a viable business model later. Which means that if they come after you, you have no recourse. Your profits are going to shrink, and your investors are going to punish you for it but Amazon’s profits don’t necessarily need to grow proportionally. They just need to show they can poach your market share.
“Digital is its own audit.” That’s really kind of interesting to me. I’m used to unique counts being obscured and lied about. But I hadn’t considered the open-count public services. And, of course, this is what Likes and RTs and +1s lead to. A world where we encourage everyone to vote on everything (an element of more than a few sf pieces).
Cultural voting, of course, leads to the triage suggested in the quote: following counts leads inexorably to media that play only the things they already know people like.
Which makes me prize things like Mary Anne Hobbs’ Saturday night show on XFM all the more: because I know that for three hours I will hear things that I have never heard before.