Exploring the Rich get Richer Phenomenon
https://www.technologyreview.com/s/518541/rich-get-richer-effect-observed-in-bitcoin-digital-currency-network/ Bitcoin began as an economic experiment as a new form of digital cash and it rapidly gain popularity and in value, reaching its heights in 2014 and remaining at roughly 714$ per bitcoin currently. Because the Bitcoin marketplace transactions are all publicly available, researchers at Eotovs Lorand university downloaded the complete financial history […]
Website flipping
Link: http://www.passionintopaychecks.com/website-investing-1-year-update/ This article gives a one-year update to 20-year-old Josh Shogren’s initial investment of $6,000 for a website. At the time of purchase, the website was currently generating revenue of $500 a month. With the use of “increased traffic, continuous ad optimization, and adding new sources of revenue”, the website is grossing an average […]
The Power Law of Celebrities – The Rich Get Richer, The Famous get more Famous
http://kenlevine.blogspot.com/2016/05/and-rich-get-richer.html?utm_source=twitterfeed&utm_medium=twitter http://www.foxnews.com/entertainment/2013/05/20/rich-get-richer-celebs-get-tons-expensive-stuff-for-free-at-cannes.html In class we learned about the power law and how the rich tend to get richer. When you have money it is easier to make money. The same goes for celebrities. When you are famous, it is easer to get even more famous. When you are not however, it is extremely hard to […]
Spreading the Love
This article talks about Microsoft’s plans to expand its Visual Studio user base to MacOS users, describing the surprise considering Microsoft’s previous reluctance to spread to beyond PC users. It also mentions the company’s recent plan to bring Bash Shell to Windows 10 and collaborate more with different operating systems. If we were to look […]
Facebook and Google stop placing ads on websites containing fake news
In recent years, social networks have becoming more and more popular among people since more people are involved in the technology world. As a result, social media has gained increasing influences on people’s daily lives. For example, during the recent election, false new stories distributed on social media played an important role and according to […]
How strong Network effects are on Web, Software, etc.
As people works on web-based tasks more, the Network effects become huge. Before starting the contents, let’s briefly review what the network effect is. The definition said, “A product displays positive network effects when more usage of the product by any user increases the product’s value for other users.” To be specific, the more people […]
Startups and the Power Law Distribution of Success
https://smallbiztrends.com/2016/11/power-law-distributions-and-entrepreneurship-research.html This article discusses how the performances of startup companies follow a power law distribution, rather than a normal distribution. It says that revenue, employment growth, and firm value indicate the performance of a startup, and that very few companies show high performance numbers, while the majority of the startups are represented by much lower […]
Apple’s New MacBook Pro: Will it surpass its tipping point to become a successful product?
Apple has released a new MacBook Pro model, where the changes are “radical” compared to the model that has been used for years. The two main changes on the new MacBook Pro are, one, that there is only one connection port, and two, that the top row on the keyboard has been replaced by a virtual touch strip. For […]
YouTuber’s and How They Make a Living
Today, people have found a way to make their living solely off of being famous on social media sites such as Instagram or YouTube. Many “celebrities” on Youtube have salaries that rival that of actual celebrities – the highest being Felix Kjellberg with an annual salary of $12 million. Other than product endorsements and getting […]
Densely Clustered in the College-Educated Bubble
As we all know by now, the U.S. election has generated an uproar of conflict and turmoil throughout the country over the past week. Although there exist the usual differing opinions about the policies and plans of each candidate, this particular election encompassed prejudice and intolerance towards more than simply the candidates themselves. What turned […]
« go back — keep looking »