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CSPAN2 Key Capitol Hill Hearings January 2, 2014

Few minutes explaining some of the implications of all of this. But here i am trying to get across the notion that the data factory benefits from unpaid contributions from lots of people and hear, to give the sense that the data factory is actually selling a whole bunch of services, that most importantly allow the purchases of those services to make money for themselves. But you can see now how powerful the position of these data factories has become. So, here is one example in this is the only example that i will give you of unpaid contributions but think youtube, think yelp and think of a whole bunch of other services and at the same precise thing. Linked in about a year ago started to beef up its content effort and invited different people around the world to contribute content. If these werent ordinary people. Among the contributors are bill gates and the president and other people like jamie dimon, head of jpmorgan. They are all contributing content to linkedin for free. The resul ....

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