Shatner - 8:08 pm on Jul 16, 2011 (gmt 0)
>>If you control an algo, I'm suggesting that would be like say, controlling the value of the dollar?
It's true. You do in a sense control which businesses live and which die.
This isn't true outside the internet. Things like the location of your business, friendly service when people go in to your store, etc determine whether people walk into your store.
On the internet most of it is determined by whether Google people sends customers there or not, and that's pretty much it.
In the end though, on the internet it's turning out to work mostly the same as in the real world. In the real world a small business comes on the scene and creates a niche. Then big business comes in, takes over the niche, and pushes them out.
It's an old story.