Will the price of Web content fall to zero?(Read article summary)
Many websites, like The Huffington Post, depend on people who create content for free.
Photo illustration / Con Tanasiuk / Design Pics / Newscom
David Carr frets, “For those of us who make a living typing, it’s all very scary, of course. It’s less about the diminution of authority and expertise, although there is that, and more about the growing perception that content is a commodity, and one that can be had for the price of zero.”
While Arianna Huffington appears to be on the verge of cashing in for $315 million and enormous valuations are thrown about for Facebook and the like, Carr makes the point in his New York Times piece , “The funny thing about all these frothy millions and billions piling up? Most of the value was created by people working free.”
Carr rightly calls this a Tom Sawyer moment for media. “’Does a boy get a chance to whitewash a fence every day?’ he says to his friends, and sure enough, they are soon lined up for the privilege of doing his chores.”
Andy Kessler writes in his new book Eat People that intelligence exists at the edge of the network. Provide a platform and people will create for free, driving down the cost. He advises entrepreneurs to harness this power. Ms. Huffington hitched her wagon to this strategy long ago and now AOL is ready to make her wealthier.