The monocausal event of monetizing people’s attention
But we have more commons today than just the physical. That’s what changed. The average American adult 7 hours a day looking at a screen, more than half of that on a mobile. FAAMG controlled over 85% of lal time spent online in the US. Facebook alone controls 4 of the 5 most downloaded apps globally. Texting is our primary mode of communication. More than half of the US teens say they spend more time with friends online than in person.
What happened in the 2010s? – by Rohit Krishnan
Rohit Krishnan explores how and why the MANGA group of companies became the only good bet as far as financial markets go.
I don’t know what’s next. Attention-to-earnings ratio is not one to one. And time-plateau doesn’t mean a revenue plateau. So maybe a large part of what we see as attention above gets redirected into agents acting on our behalf. Granted, they are likely to be less impacted by advertisements per se, but there will be new methods of economic rent-seeking. Maybe it’s more ambient computing so the number of hours spent online blur into all hours which also blur with our offline lives.
The competition is fierce. However, one thing that we’ve not accounted for is how does attention itself change from one to the other. No trend is forever. In addition to the fact that most of our attention is spent online, there’s a powerful undercurrent that’s currently focusing on what we’ve lost by doing that too.
If AI does get going and there’s a path in this world where more of what we do gets automated, cheaply, freely, then where does our attention go? Might there not be a real possibility for that attention to step away from the online to the offline? It might be wishful thinking from my part and some recency bias given how much taking myself offline has helped my own mental sanity.
#attention #cognitiveFlexibility #companies #corporations #Life #MAG7 #manga #markets #online