Can anyone create an enduring business on the Web, where it’s easy to build new companies, and when survival depends on the whims of fickle users? The big lesson of ‘Digg’ may be simply this: if someone offers you a ridiculous amount of money for a company that wasn’t that hard to build, don’t think twice. Take the money and run. Daniel Lyons Read Quote
PayPal, which was founded in 1998, may be the closest thing to a global currency that has ever been created. Based in San Jose, California, the company operates in 190 markets, sending and receiving payments in 24 currencies on behalf of 90 million active members. Daniel Lyons Read Quote
Remember the early days of the Net, when everything was going to be open and free, and we were all going to share information in a techno-utopia? That was great until people realized that their user data could be turned into gold. Now there are billions at stake, and nobody is playing nice anymore. Daniel Lyons Read Quote
Facebook’s position with rival tech companies boils down to this: if you want access to all the information we’ve collected, strike a deal with us. Daniel Lyons Read Quote
Google views Facebook as a threat to its business and has been trying to launch a social-networking service to compete with it. Daniel Lyons Read Quote
Since the beginning of the internet era, it has been pretty widely accepted that when you join an online service, whatever data you put into it belongs to you. Daniel Lyons Read Quote
Why can’t modern tech companies both grow and turn a profit at the same time? Daniel Lyons Read Quote
To make a vehicle autonomous, you need to gather massive streams of data from loads of sensors and cameras and process that data on the fly so that the car can ‘see’ what’s around it. Daniel Lyons Read Quote
Conventional companies try to find new uses for capabilities they already have. Transformers look at what the market needs and then go build it, hiring new people and/or taking people off other jobs. Daniel Lyons Read Quote
