Posts Tagged ‘msm’

I have enormous respect for FT. Like it’s American peer, the WSJ, many of the articles are over my head as they deal with dense financial topics in which I have little background. However, this article which appeared in yesterday’s Financial Times seemed like a good opportunity to understand the financial underpinnings of something I do follow: Silicon Valley.

However, the FT article is just another failure of mainstream media to do any journalism. The sensational headline precedes a near absolute void of reporting. In place of any examination of finances or economics, the FT has produced a piece which provides contradictory quotes about the viability of web services during an economic downtown and a couple examples of statistical outliers.

The question the article purports to answer is an important one: are there real business models supporting Web 2.0 services? Can advertising be extended indefinitely? Are consumers willing to pay real dollars for digital services?

In many ways, the answers to these questions will determine the future of the Internet, entrepreneurship and innovation. These are serious concerns and luckily we have new sources on which to rely.

[Photo: Wikipedia]