WTF

Doing Capitalism in the Innovation Economy, who

Amazon needs to be especially responsible because of its dominance in so many e-commerce markets. More than 63 million Americans (roughly half of all households) are now enrolled in Amazon Prime, the company’s free shipping service. Amazon has more than 200 million active credit card accounts; 55% of online shoppers now begin their search at Amazon, and 46% of all online shopping happens on the platform

The Internet sector now represents more than 5% of GDP in developed countries. For consumers at least, digital photography is a major driver of online activity, central to how people communicate, share, buy, sell, and learn about the world. More than 1.5 trillion digital photographs are shared online each year, up from 80 billion in the days of Kodak

Instead of just eliminating knowledgeable workers, they replaced and augmented them with software

Customers weren’t ready. Advertise? On the Internet? In 1994 we did the first ever survey of Internet users, calling 50,000 people to collect income and demographics. But even so, we didn’t think about advertising as Hotwired, the online version of Wired magazine, introduced it in October 2004

category that had already been pioneered by Mobility in Switzerland, founded in 1997, and Zipcar, founded in 1999 by Robin Chase and Antje Danielson in the United States

Everything around you that you call life was made up by people that were no smarter than you. And you can change it, you can influence it. . . . Once you learn that, you’ll never be the same again.”

In August 2007, Chris Messina proposed the use of the # symbol as a way to label events or groups of tweets on Twitter

you assume that every year things cost more and do less. In Silicon Valley, everyone expects our products to cost less every year but do more.”

Instead they stored them on the hard drives of millions of users across the Internet. Andy Oram, one of the editors at my publishing company, made the point to me that the architectural implications of these programs were more important than their business implications. (This is a history that has repeated itself fifteen years later with bitcoin and the blockchain.)