Makes online easy.
But it turns out online is much more than their walled garden and that cable and telephone companies utilize pricing pressure to get people to sign up for a bundle that includes internet access. Turns out that access is king. All of AOL’s content was no match for high speed access to everything.
AOL survives as a lame portal that gets way too much attention from Wall Street. And if you’ve got AOL e-mail, switch immediately. The truth is you’re missing out on so many messages, with AOL’s spam filters so tight and ever-changing.
Made search work.
Create comprehension from chaos, make the world understandable and usable for a huge swath of people and you’ll get rich.
But you won’t stay rich. In mobile, search is secondary, it’s all about the app.
But what is most interesting about Google is it got a pass. Utilizing its mantra of “Don’t be evil” to market itself as a new kind of company (that only lasted until earnings faltered), Google’s history is about the public and press giving it a chance when it does not deserve one. Sure, Google gave us Gmail, a slightly better Hotmail, but it makes no money on YouTube, Google Plus is an invasive disaster and Google Glass was a sideshow that got a ton of publicity while WhatsApp and Snapchat got all the glory.
Just because someone is good at one thing, don’t assume they’re good at everything. Furthermore, just because someone is rich, that doesn’t make them smart and indomitable.
He’s Mr. Snapchat, who’s now a billionaire.
It’s easy to be a one trick pony. But now Spiegel has pivoted Snapchat into a content company, something prognosticators did not foresee, increasing dramatically the value of the enterprise. Like Mark Zuckerberg before him, Spiegel refused to sell out at a low price, he believed in himself and his vision. Those who take the short money, however large, are losers.
Facebook is an advertising company, not a social network. After his HTML5 mistake, Zuckerberg pivoted and made Facebook the king of mobile advertising. It’s like a klezmer band deciding it’s better to make pop music. Well, a very successful klezmer band. Proving, even if the Winklevosses came up with the idea, they never could have turned Facebook into the juggernaut it has become. Continue reading