Sunday, May 24, 2009

How a New Company Indirectly Kills an Unrelated Business Trying to Garner Your Attention

Here is an interesting post from TechCrunch about how MySpace and YouTube killed eBay. While the post focused largely on MySpace, YouTube and eBay, it's really about how new technologies / businesses / business models indirectly kill old ones when consumers start focusing their attention elsewhere. This lack of attention, whether it is on a competitor's company or something completely unrelated (e.g. spending more time on Facebook than surfing for stuff on eBay), starts to make what was once hot become cold.