Sunday, July 17, 2011

Videos post - Kimmons

From the videos, I was surprised to hear that the internet has 150 million websites with billions of web pages. To navigate through them, Yahoo created a search engine to break down the massive internet into categories after its creators found web searching troublesome while researching players for a fantasy basketball league. Yahoo also kicked off the gold rush of the web by incorporating advertising onto their search pages.

Later, Google emerged with an improved style of web searching that displayed web sites in descending order according to the number of its links. Google is now worth $200 billion and its founders are ranked in the top 30 richest people of the world. In Google's early days, the now dying Excite search engine could have bought it for just $1 million. Doh!

Following the creation of mp3 music files, Napster exploded onto the internet and started a music revolution. Napster is known as the fastest spreading software ever. Other sites followed, blossoming interaction among individuals rather than corporations.

A common theme among both videos was the Stanford University connections, where Yahoo, Google and mp3 software emerged. Another theme was that investors didn’t see much money potential with many of these web sites.

In the future, I foresee the internet to continue to drastically affect big media revenue as intellectual property becomes fair game. Also, the onslaught of web sites that store personal data will catapult privacy concerns.

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