NYT had an article a couple days ago about the demographics of web growth and the associated economics. I was thinking that they would surely mention Last.fm ... but they didn't. Still its a good read.
Internet Users in Developing Countries Drag on Sites’ Profits - NYTimes.com
Internet Users in Developing Countries Drag on Sites’ Profits - NYTimes.com
Facebook is booming in Turkey and Indonesia. YouTube’s audience has nearly doubled in India and Brazil.
That may seem like good news. But it is also a major reason these and other Web companies with big global audiences and renowned brands struggle to turn even a tiny profit.
Call it the International Paradox.
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