02-04-2012, 09:22 AM
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It's 42
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
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- There is no such thing as a reliable adult verification -- a 13-year-old can buy a prepaid VISA Card today.
- The demographics of the Internet audience has changed dramatically in the past 5 years to include many from developing countries with less disposable income and this has influenced the 1996 v. 2011 conversion rate also.
- We have not been in the best of economic times in the past 4 years either -- this is also an influence.
- In the current environment we managed our best year since we started in 2004 so there is still money to be made for those that know how to.
To our business the forced closing of megaupload and it's ripple effects will have a negligible affect. These file storage sites are of a questionable business model (with regard to copyright infringement), they are receiving big traffic and making their money in two ways; 1.) selling that traffic generated 2.) offering premium service memberships.
There are a few buyers in their traffic -- the cost of the traffic is cheap so it can be possible to make a return but from what I see, you get what you pay for ...
We are near releasing into production a mainstream, mobile oriented social network and I am looking for both image recognition and copyright moderation software as the content will be user uploaded -- the cost of manual moderation of this content will be costly and cut into our advertising profits.
Maybe we can sell ads for red dots to Indians and chopsticks to Chinamen -- people can only buy what they can afford to pay cash for or obtain credit for and this has not changed throughout history.
Some people still own horse carts and need buggy whips but damn few ...
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