Take Aways:
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- Google seeks to be the central source for local registration and election sites (via their Google maps feature)
- Is personal information, aggregated by Google through their various applications, becoming a treasure trove for terrorists and governments?
- Google is beholden to U.S. law. However Judges and lawyer fight to release that information (as in what happened a couple of years ago with the USA governments demand for child pornography searches).
- China censors search engine searches. But, people have developed work arounds.
- Is cyber war possible? Low.
- 1.5 billion Internet users in the world, expected to grow exponentially with the release of 3G technologies, however mostly to 2nd and 3rd world countries.
- 13hours of YouTube video uploaded every minute.
- Google News has yet to make a profit.
- Fastest broadband 1. Japan 2. France -USA is very slow.
At 25:30 David Corn, Mother Jones’ Washington Bureau Chief asks, “what is Google doing to journalism” His full question implies that the Google news app is an unsustainable economic model that marginalizes content creators’ revenue stream. Eric Schmidt responds that American newspapers are currently in a national crisis and states, “I worry as a citizen”.
This is good, I thought! They must be working on answers! Then Schmidt states, “I have no answers”. SHIT!
Having a local focus on your website will help, but is that the only answer? I still think that newspapers need to innovate their OFFLINE business model, because whatever they do online will get marginalized in a global competitive landscape.
UPDATE 1-11-2009
Fortune interview with Eric Schmidt regarding saving the newspaper industry.
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