I see the ads as a lot like cutting timber out of a finite forest - it's profitable, but potentially harmful to the ecosystem in a way that can make it unsustainable. As long as you don't cut too much, replant aggressively, then you can make a sustainable business out of it - but it doesn't scale past the point where your harm to the ecosystem causes collapse. Once people exit FB because it's all ads, then the network benefits begin to evaporate, a little bit at first, then all at once...
Then again I don't run a social media company, so what do I know. ;-)
Maybe not a little as you think. Just because the social media companies are "runing", running into the ground is still running. They just have so much momentum that the ship is going to keep moving along.
Keep margins low and don’t make too much money in order to starve any potential competitors of capital.
Of course - you still need to grow revenue for this to work - just not profits.
It can be counter-intuitive but this is often seen in recommendation systems. In music for example, the song most likely to be played after a song is... that same song again.
However, it is painfully clear that there are very obvious categories of products that it does not work on. 99% of the time, if someone buys a refrigerator, they will not be interested in buying another refrigerator.
It would not be that difficult for Amazon to detect these product types and give other kinds of recommendations for them. Unless their algorithms and the data that drive them are much, much less comprehensive than they want us to believe.
Most people have not bought a fridge in the last month. Most people will not buy one in the next month. Taking your estimated 99%, that leaves 1% who just bought a fridge but it doesn't work, or didn't fit their room, or for whatever other reason they've sent it for a refund... and are about to want a fridge again!
1% might sound low, but if you look at the group of people who haven't just bought a fridge... maybe only 0.1% of them will buy one in the next year, vs. that suddenly huge-seeming 1% of recent fridge buyers. Suddenly, not such a bad idea to advertise to them :)
Most people, after all, don't really have the spare money to buy two fridges at once, so they're going to want their money back from the first one before they buy the second.
Once they've started the return process, then Amazon can start recommending new fridges to them.
Again: this is all data Amazon totally has access to. Whether they are failing to gather it, failing to recognize its value, or simply choosing not to use it when they know it's creating a lot of bad recommendations, is unclear.
I'm not sure as to their reasoning. But maybe this decision is in fact based on their data? They're a pretty data driven company
Or maybe by the time they've fully made up their mind to return the fridge, it's often after they've first decided there is indeed a better fridge out there, and already chosen where to buy it in the day or two before they start a return. In which case the time to advertise to them would be the window after purchase and before initiating a return.
Maybe... etc.
I don't know for sure, having neither worked at Amazon nor tried to market fridges. But I have seen many examples of this sort of retargeting of people who've just bought something with ads of the same type of thing, where general intuition, even that of experienced marketers yet alone normal shoppers, made it seem like a dumb idea and yet the data actually did prove it was a great use of advertising.
So maybe your gut instinct is better than the ad conversion predictions Amazon's code is making, with all their data. But I'd be surprised.
Somehow it's always about some big appliance that lasts years and I just bought. It's never about "you might be running out of toilet paper."
On the other hand, if you are looking to preserve stock price in the short-term you need to at least create the illusion of sustainable revenue growth. And there is a lot to be said for this later strategy if you don't really want to run Facebook in maintenance phase. Seems that Mark and Co. might not be all that concerned about "deforesting" Facebook with ads because the end game here is the Metaverse...?...
Facebook need to just settle back and offer dividends. It's over.
I’m kind of enjoying the fact that newer sites and apps like Discord don’t let Google index them after Google killed off a large part of the independent Internet. We’re missing out on a lot of good content that would be put up in an alternate universe with a less greedy and shortsighted Google.
I'd guess that it is possible most people visit a dozen or fewer websites regularly, of which half a dozen or so are in the Top 10, and the rest include things like news/media sites that are most likely to be popular (if only nationally). Seems likely the older the person the narrower range of things they do online, apparently the most common activities for the over-60s are email and checking the weather lol.
https://www.creditloan.com/blog/how-the-world-spends-its-tim...
Google Search could honestly be dethroned if someone really wanted to. The usage at this point is habit, not because it’s still a good search engine.
Google Image search these days seems to be "Oh that image you sent me is an Apple, here are pictures of other Apples" rather than showing me other sizes of the same image, and other images that are very similar looking.
edit: I just attempted to look up what kind of taxes on has to pay if one receives donations. I cant carve out a query that gives me anything other than tax deductible donations. The "receiving" part is completely ignored.
But when I connect to Google on VPN "from the US", I can't find it in the first 3 pages. Very strange.
Search is not perfect, for sure. It has different problems.
Does it give better results than Google? I find Google's results to be pretty horrible, and worry that if Kagi is using Google's index, then I wouldn't get better results with them.
The problem is paying a steep fee to proxy Google's index... It benefits you and Kagi in the short term, but strengthens the Google/Bing/Yandex index oligopoly [0] long term. Bad search results are the symptom - scarcity and opaqueness of viable indices is the root cause
https://seirdy.one/posts/2021/03/10/search-engines-with-own-...
The way we look at it as that it gives Google a non-ad based source of revenue, which is a good thing for the future of the web. If one day that revenue could displace all ad-based revenue, by Google selling data to providers like Kagi, we would reverse the current state of the web.
the answer to the problem includes the concept of less is more.
Then why is adblocking so popular?
Edit: and also Google: https://www.google.com/search?q=%22high%20tc%22%20record
Or perhaps more generally for materials with a high Curie temperature, https://en.wikipedia.org/wiki/Curie_temperature
Disclaimer: I know absolutely nothing about this field.
https://en.wikipedia.org/wiki/High-temperature_superconducti...
Pretty sure at least 80% (probably 95%+) of low-quality SEO content is generated by computers, or at least by very low-skill outsourced labor in a machine-assisted way.
It then makes sense that the mature Internet can probably match any search query in a manner that leads to a site that sells something vaguely matching the query, through sheer quantity of available content.
In other words - there is enough SEO content generated and indexed that most queries will be able to be monetized by a search engine like Google.
I'm getting links about the highest temperature on earth and it is listing it in Fahrenheit so if the "tc" means "temperature celsius" it is failing for me.
All the other links are about high temperature superconductors.
https://en.wikipedia.org/wiki/Highest_temperature_recorded_o...
https://en.wikipedia.org/wiki/High-temperature_superconducti...
"High-temperature superconductors (abbreviated high-Tc"
Seems like google search is working quite well if the second link is what the person wanted.
FWIW, I would also have no idea what that search is supposed to return.
To improve user experience.
https://gizmodo.com/lightspeed-presents-the-perfect-match-by...
I don't know what you are trying to search for. A record for total compensation? Something related to Tesla coils? Turing Complete? Thread Count is a totally valid interpretation.