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If there was ever any doubt that Google could breath life into the new mobile platform Android, today’s announcement should put the debate to rest. T-Mobile held a press conference this morning in NYC to officially announce the release of the world’s first handset powered by the Android platform. The simply named G1 will be in T-Mobile stores around the world on October 22nd selling for only $179. The two data plans mentioned at today’s event appear equally affordable at $25 for unlimited data and limited messaging or $35 for unlimited data and messaging. Factoring in the required voice plan put this phone at a similar price to the iPhone and other smartphone options.
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How would you like to buy music online and make money for doing so? Popcuts, an innovative new online music store, offers such a deal. Recently launched, the Popcuts music site allows customers to pay 99 cents for DRM-free (digital rights management) music. Once customers purchase songs, they subsequently get paid every time someone else buys the same song. Right now the company pays customers in store credit, but hopes in the near future to actually pay cash.
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The power of social networking – and why astute businesses need to learn to embrace it – is all in the math.
What governs the power of old media (broadcast or one-way communication) is Sarnoff’s Law. There is a proportional relationship. If a broadcast network doubles its viewers, it doubles its value.
What governs social networks is Metcalfe’s Law and Reed’s Law. These are exponential relationships. If a social network doubles its participants its value grows by the square of its increase.
Considering what companies and investors have been willing to pay for high-growth social networking start-ups, it appears Wall Street and Main Street believe in Metcalfe’s Law.
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Like most Americans, I was caught up in the drama as Hurricane Ike approached and then hit the Gulf Coast last week. I have a daughter and son-in-law who weathered the storm in their home near downtown Houston. They got by with relatively minor damage in the scope of things, but their power has been out since the storm hit.
Yesterday, my other daughter who lives in Denver emailed me a series of photos showing Ike’s aftermath. I was astonished at the destruction. Here is a link to those 28 photos (and 5424 comments) showing the incredible challenge people in the path of this storm will have to deal with in the weeks and months ahead. My heart goes out to them. If you want to help, a donation to the Red Cross is a great place to start.
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The science and art of infographics is intriguing. An example of an infographic was Monday’s post on Soda vs. Pop statistics. The purpose of infographics is to give people a quick, visual shortcut to understanding the relationship and meaning of many numbers and/or statistics. The New York Times online had a disturbing, but effective interactive infographic yesterday showing the incredible change in one year of the financial sector’s total stock market value and the the carnage of major players involved in that change.
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