Waves of creative destruction have defined the emergence of digital channels on the Web. So have the struggles of incumbents to adapt. This article is free, but if it were published over at The Australian, sooner or later you would run up against its very permeable pay wall which launched today in response to its failed online advertising model.
So it's that time of the year again.
Telstra received a stunning 99.4 per cent (and rising) vote of approval for its NBN deal with the government. That tells us two things. Firstly, the government is paying too much. That's why they got knocked over in the stampede by TLS shareholders. And secondly, that the shareholder who suggested to Telstra’s board yesterday that the country was becoming increasingly like a third world dictatorship had no idea how ironic his comments really were.
Predictably Samsung’s lawyers went the tonk yesterday in the New South Wales Federal Court, bringing an action against Apple to halt the sale of its iPhone 4S in Australia.
All year Facebook has marched relentlessly towards a valuation of $US100 billion dollars with little consideration of the madness this may speak to for the investor markets in dotcom 2.0.