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This is a huge liability for google. Any company with 98% of its revenues tied to one product necessarily creates a fundamental liability for itself.

The cost of providing Google's organic search service is dropping as compute hardware gets cheaper. But the ad volume isn't dropping along with it. That creates a vulnerability for Google - their "free" can be undercut on price. The problem with having high profit margins is that, to a lower-cost provider, you're lunch.

"Ello" is trying to do that to Facebook. "Ello" is probably much smaller than they claim to be; almost all their Google hits were in the first week of operation. But someone else may be able to bring that off.



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