This is a company with sales of a mere $23 million for the first six months of 1997, and Wall Street has given the Internet search engine company a market capitalization of $2.26 billion.
China's internet market is so vast that, even though Google ranks as the country's Number 2 search engine (with a market share of approximately 35percentt), Google users in China number some 140 million.
Chinese search engine Baidu, with a market cap of about $3 billion, will be launching a blogging platform on July 13.
Australia was selected as the study area because internet penetration in Australia is very high (>80%) [ 34] and use is largely restricted to a single search engine; Google maintains a market share of over 90% in Australia [ 35].
The American economic engine of free market capitalism has always competed against a world of subsidies and state-run enterprises.
With a powerful military, and the economic engine of free market capitalism --far superior thethe Russian system--Reagan gambled that an escalated race for military superiority would starve the enemy.
This 'content farm' model, where an algorithm determines what stories journalists should write, based on analysing what people are asking search engines, attracted a market valuation of $1.5bn, which every person and their numerate dog quickly calculated meant it was "worth more than the New York Times".
Kevin Goetz, chief executive of Screen Engine, a marketing and research consulting firm that specializes in entertainment, says viewers increasingly reserve their ticket purchases for pictures that promise something truly special, whether that means amazing visual effects or extraordinary reviews.
Data is the engine of online markets and has become, indeed, a new asset class.
But I think he misses the major engine of innovation: the market tends to find whatever is profitable, even if we cannot see what that is today.
