[ExI] what would any of us have done differently?

[William Flynn Wallace]

How can the legacy media companies pay all those people, many of them
expensive, when the internet offers news free?   spike

People are suspicious of free things.  In one study, aides walked up to
people on the street and gave them $5 bills.  Some would not take them.
Others seeing what happened, walked away from the psy.aide.

Also - people will not respect things that are free.  "You get what you pay
for" is believed by many. The more you pay the better it must be.

bill w

On Fri, Dec 16, 2022 at 1:07 PM spike jones via extropy-chat <
extropy-chat at lists.extropy.org> wrote:

>
>
> -----Original Message-----
> From: spike at rainier66.com <spike at rainier66.com>
> ...
>
> >...Effect: stockholders bailed when given the first opportunity....
> >spike
>
>
> Something occurred to me while I was writing about Twitter.  I am really
> dealing with an orthogonal axis from what most people are posting about,
> the
> whole culture war stuff that I see as irrelevant to the business aspect of
> reviving a failing company.  It doesn't matter whose politics are where on
> the board and CEO if the company is accelerating toward bankruptcy at a
> rate
> already approaching c.  Either way it is just as gone afterwards.
>
> What I realized is that the mainstream media companies must be experiencing
> something pretty similar to what Twitter1.0 was seeing, for many of the
> same
> reasons.  They are trying to sell something that can be had for free.  We
> don't really need them anymore.  Advertisers must recognize this too: if
> one
> can get all the news one can consume, and tune it to get that which is most
> relevant, and all that requires no purchases, why do we need legacy media
> at
> all?  How can the legacy media companies pay all those people, many of them
> expensive, when the internet offers news free?
>
> spike
>
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