Comment Like the Club Scene (Score 2, Insightful) 215
Yesterday I wrote up a piece on my blog about Google buying YouTube. I wrote:
I didn't mention Six Degrees because they are so old I doubted many would remember them. Funny that someone pointed this out in an earlier comment.
My second issue has to do with the low cost of switching on the internet. As a consumer it costs me nothing to type a different search engine into the browser. Likewise, I can switch from Friendster to Facebook to LinkedIn with not cost to me. I can even visit all of them in turn if I want. I believe this leads to some sites, like social networking sites and YouTube having very low consumer loyalty. These places are like the "hot" club. The in-crowd discovers the club. The b-list follows them there. Soon everyone is there so it is no longer cool and it is replaced by another. What is the stickiness aspect of YouTube -- what cost is there to switching?
I didn't mention Six Degrees because they are so old I doubted many would remember them. Funny that someone pointed this out in an earlier comment.
To me the purchase is just confusing. However, I do agree with the tone of the article. If someone offers you a billion dollars you say thank you and take the money. There just aren't enough Ferraris in the world....
Jon