Thursday, October 06, 2005

Another way the internet has changed the world

Adverstising.

The internet is the first real worldwide medium. Now advertisers are putting more and more of their money on reaching web-surfers eyeballs.

Chrysler's internet advertising budget will grow from $200 million in 2004 to $400 in 2006. Wow!

Just a reminder of how rapidly and fundamentally the internet has changed the world.

"Google effectively reinvented online advertising with the targeted, classified-like text links that you now see everywhere. Soaring profits from selling those ads have helped drive Google's stock market capitalization to some $85 billion, making Google the most highly prized media company in the world. But while the old guard is keeping a watchful eye on Google, the company they really fear—and the one advertisers increasingly love—is Yahoo."

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