Oil is not going up because things are getting better in the economy. Quite the contrary, Oil is going up because commodities are priced in US Dollars.
Oil is a “tell” on just how bad the dollar is. If you want to see a better view of our economy, consider looking at Natural gas. While Oil is up over 30% YTD, Nat Gas is down over 30%.” —StockGawk: Nat. Gas VS. OIL a tale of two tapes
Publishers, of course, object to the lower pricing, citing the reason that printing and shipping are not the main components of a book’s costs.
publishers argue that those costs, which generally run about 12.5 percent of the average hardcover retail list price, do not entirely disappear with e-books. What’s more, the costs of writing, editing and marketing remain the same.
Within that paragraph lies the reason why traditional publishers will not survive the digital disruption. They have not change their operating structure to leverage on the new economics brought on by the Web. Each of the functions cited (writing, editing, marketing) should not be bundled within the same organisation. They should be replaced by light weight services that are loosely connected to each other. Only with such a structure can the $9.99 price point be sustain.” —Wild IIlusions: The economics of the $9.99 ebook
That would be a fun way to earn a living. There is still potential downside on a free business, though. If you don’t do due dilligence you could get pretty royally fucked and end up with all kinds of creditors chasing you down. This is not a plan for the faint of heart or the financially vulnerable.
That quote says it all. Facebook is interested in building an empire, and they aren’t going to be rushed.
There are 3 ways they can get there that pop to the top of my head.
- Payments (which they are already working on/hiring for). Well integrated with good APIs that could do real damage to Paypal and maybe even credit card companies.
- An app store/improved platform. How long would it take for Microsoft Office: Facebook Edition to catch on, with a few tiers of features.
- Killer execution of mobile ads. With location, Pages, and a growing advertiser base Facebook could be the biggest destination in mobile advertising.
Mark Zuckerberg doesn’t look like an idealistic kid anymore.