Archive for April, 2012

Monday, April 30th, 2012

Making Money from Scoops

Here is an ethical question.

Can a news source make money from its scoops – beyond the obvious – and will I keep reading the source if they continue to scoop?

The question is raised by Felix Salmon, the finance blogger on Reuters – somewhat facetiously I thought…until I thought about it and read the comments posted around his own posting.

Read on:
http://blogs.reuters.com/felix-salmon/2012/04/24/could-the-nyt-make-money-from-its-scoops/

Bottom line – companies pay for access to information. In today’s world they pay for access to ever more relevant and ever more instant sources. If I hired a research company to unearth that same information few would argue that I don’t have the right to benefit from it. But a news source? A storied institution like the New York Times? Don’t they have a compact with the public? Don’t all credible news institutions have that same sense of accountability?

Yet already I can pay the New York Times, The Wall Street Journal and others to get digital access to their news and thus get it faster and before the print edition is even composed. And, if I go back in time – isn’t buying a daily subscription the same thing? I get it early in the morning – read it with my coffee and muffin and get a jump on the guy who picks it up on the way in. In fact I remember stories of people who would wait outside the printing plants to get the first copy of a given newspaper in the old days.

So – it would seem, at first glance, that in our digital world there is no additional ethical or moral issue – like most things it’s just an evolution and adaptation of understood and accepted behavior.

Or is it? HMMMMMMM….

Read the posts and tell me what you think.

My going in view was much the same as one of the contributors – a trusted news source has to be held to a different standard than a scandal rag – and I might be tempted to add that in a world where credibility, relevance and trust are becoming blurred subjects, I might feel even more strongly about that point and hope that they hew to a more rigorous interpretation of their charter.

In fact I might argue that if they fall prey to the temptation it actually lowers their future competitive advantage.

Last point – notice all the anonymity in the postings – my position on that has never changed – unless you are in a country where you fear for your life the opportunity to misuse hiding behind a curtain is too tempting for too many…and adds to the danger of having no credible sources left for benchmarking information and, yes, even behavior.

Listen:

“Integrity without knowledge is weak and useless, and knowledge without integrity is dangerous and dreadful.”
Samuel Johnson

I think this about sums it up. Interestingly, many weighed in on this, from the Greek and Roman philosophers to Benjamin Franklin to many of today’s most famous pundits.

Not a problem created by our age but one still very relevant and very much on people’s minds.

What do you think?

  • It is interesting how many sites are now making the move from freeview into pay for content models - most recently was the Times UK. I guess most people expect that the publications online should be free, whilst paper copies should not - however a business is a business and any profit made off the back of covering operating costs ...
Monday, April 23rd, 2012

“Do No Evil”?

Anyone remember this Japanese parable?

Known as the three wise monkeys, they embody—“speak no evil, see no evil, hear no evil.”

Occasionally they are pictured with a fourth monkey with crossed arms representing “do no evil.”

There is a certain simplicity to the notion, and one that carries virtue in its practice – imagine if some of our anonymous digital bloggers and such practiced the “speak” and “do” portions….

Yet growing up, there was a view that the very simplicity of this proverb was in itself dangerous and could lead to a society of people who shut out reality and looked the other way when faced with injustice—as portrayed by this famously historic political cartoon:

All of which leads me to “Don’t Be Evil,” the (now becoming) infamous motto of Google, going back to their founding days.

When they first took on Microsoft, the line seemed a byword of the new digital generation and was a challenge and frankly a forced upon positioning to an (even by then) older and more traditional high-tech company that had long ago passed the stage of scrappy start-up.

Yet today “Don’t Be Evil” rings rather hollow when we discover that in the process of creating the amazing Street View, Google was also reading our private data (including passwords) as their digital photo units passed by our homes. Not to mention the role reversal, with Microsoft now looking like the pounded-upon and persecuted child.

Crazily—in my personal opinion—we seem to be making excuses for the corporate malfeasance of what we view as “new-age digital corporations,” giving them a pass for the kind of behavior that would cause us to bury an older, seemingly more “traditional” (how I hate that meaningless moniker…) company.

Google can read our mail, Amazon can sell our data, Apple can exploit poor workers, and all can do it in the name of bettering our lives and society.

I encourage you to read the following piece by Quentin Hardy, “Don’t Be Evil, But Don’t Miss The Train.” The questions laid out are critical, I believe, to the future of society:

Do unarguably phenomenally successful entrepreneurs have the right to dictate social change beyond the changes we ourselves are driving with the very products they have created?

And yes – while it is fair to argue that the changes brought about by the automobile and the airplane, not to mention Gutenberg and the printing press, took generations to develop while in today’s world we drive change in minutes – would we have wanted, would we have allowed Henry Ford to determine the social structure of a country because he was successful and had vision – you tell me….

Bottom line – I am concerned. Concerned when we look the other way, concerned when we make excuses, concerned when we don’t hold people in power accountable, and concerned when we allow analysts and others who have vested interests to cover our eyes, ears and mouths.

Let’s be clear – I don’t believe that Google is evil…but I do believe that we are all asleep at the switch. If we give people a pass—without any accountability—because they tell us that they are changing the world, where does it stop? Worse, just look back in history to get an idea of where it can go….

Perhaps it’s as my daughters would say – my pathetic wannabe aging hippy sensibility – or maybe because I recently bought a new children’s version of these lyrics in book form and taught my two grandsons (5 and 2) how to sing the words – but do listen:

“How many times can a man turn his head pretending he just doesn’t see….the answer my friend is blowing in the wind….” Bob Dylan

I also encourage you to listen to all the words – if you have forgotten them and even more so if you don’t know them – and all are invited to join Henry, Teddy and me next time we sing…

What do you think? The answer is blowing in the wind….

 

  • Michael Ramistella, what about all the patent war? is that just an accident to which they should apologize? Im pretty confident that there is no "evil" purpose behind all this data (and even patents) but the post has a really good point: if we just accept it, when will we know when/if the switch fiips? It made me think of ...
  • Did Google screw up with taking our information? Yes. Am I mad? Not really. Why? Because I don't think anyone at Google is dying to know the inane banter that goes on between my friends and I on our free time or what our plans to meet up for dinner after work are. Could they use that for who to ...
Monday, April 16th, 2012

Have You Tried Instagram?

Have you tried Instagram?

I was a fan from day one…everything about it was smart – it enhanced human need to share photos; platformed off the mobile phone camera – already accepted and used by consumers; was easy to use; had a simple name – all in all it was what I call a “white space “product – it filled in white/empty space around the user as opposed to being just another app of many…and their success is already legend. And well deserved.

However, this Ramble is not about their technology and what you can learn from it – it’s about learning from the founders and their understanding of how critical the human factor is to success; how critical face to face is to success; how networking to them is not about thousands of “friends” on Facebook but rather a strongly and well cultivated group of real people whom they could call on and did.

I was inspired by the following post and gratified that it amplifies so much of what I believe to be true.

Behind Instagram’s Success, Networking the Old Way (New York Times)

And here is the payoff – the lesson – the money shot if you will…listen:

“Make sure to spend some time after the talk getting to know the people around you.”
Kevin Systrom

Kevin is one of the founders – he got to KNOW the people around him – now look where he is.

Time to make sure we all know the people around us…really know them – you never know….

What do you think?

 

  • Hear you -- but dont agree -- his comments were made at a seminar -- of the people....
  • Actually, David, I look at Kevin Systrom's comments in a different light to you. What he was really referring to is the very closed loop of contacts that exists in Silicon Valley that benefits only those who can penetrate the wall that surrounds Sand Hill Road and keeps ninety nine percent of qualified people out. Instagram's founding, its ...