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Gutenberg and the social media revolution: an investigation of the world where it costs nothing to distribute information




This article exposes the impact of a fundamental shift in the way information moves within our society, which is generating creeping obsolescence for the business models of organizations involved in the institutionalized provision or mediation of information, be they newspapers or banks, as well as creating a new information space that is currently called social media. The article examines the way in which the disruptive effect of social media is already making its presence felt and sets out a course for organizations who wish to adapt to the world of social media. This is based on shifting investment from control of content and transactional channels into the collaborative, collective, and communal assets where value will sit in a world where power no longer resides in the institutionalized capability to control access to information.

Suggested Citation

  • Stacy, Richard, 2008. "Gutenberg and the social media revolution: an investigation of the world where it costs nothing to distribute information," Journal of Financial Transformation, Capco Institute, vol. 24, pages 91-100.
  • Handle: RePEc:ris:jofitr:0945

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    References listed on IDEAS

    1. Ricardo J. Caballero & Emmanuel Farhi & Mohamad L. Hammour, 2006. "Speculative Growth: Hints from the U.S. Economy," American Economic Review, American Economic Association, vol. 96(4), pages 1159-1192, September.
    2. Martin S. Feldstein, 2007. "Housing, Credit Markets and the Business Cycle," NBER Working Papers 13471, National Bureau of Economic Research, Inc.
    3. Eugene N. White, 2004. "Bubbles and Busts: The 1990s in the Mirror of the 1920s," FRU Working Papers 2004/09, University of Copenhagen. Department of Economics. Finance Research Unit.
    4. Kevin J. Lansing, 2007. "Asset price bubbles," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue oct26.
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    More about this item


    social media; social media revolution; Gutenberg; Richard Stacy;

    JEL classification:

    • M30 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - General


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