LABRST 2M03 Chapter Notes - Chapter 3: Scuba Diving, Overconsumption

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28 Apr 2019
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No other company is going to match google because of the number of searches it has. Google has an immense amount of data that is sold for a lot of money. Social media - you can tailor the advertising to what people are searching. Prosumption-stuff that is user created - you are creating value for companies by producing amounts of data- especially facebook and insta. Prosumption takes it further- customers participate in the creation of products in an active and ongoing way. If you are into the game- you are making the game better - blurs the line between play and work. Legal regime - monopolization-idea that monopoly was bad, thought u needed a competitive market. In this kind of market today they are not experiencing this. Or some say in how its used - ex. Newspapers vs. social media- newspapers held responsible but social media. Not because if you are it"s an entire different world.

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