I found the group presentation about Getty Images interesting. They showed how internet businesses are thriving through their services and products. They didn't touch on the .com companies but companies that have already had a presence that they have expanded primarily in the IT of Internet part of their company.
In our discussion after the presentation, we talked about how a company goes from archives of photos, tangible assets to digital archives, full of information. We talked about the certain costs relating to this type of digital economy. The costs are very low compared to the an undigital world.
Today we see this way of reducing costs and expnading profits everywhere. These digital ways of doing business makes profits available for companies who enter a market with many barriers of entry. They are able to start up slow as a sole proprietorship and expand very rapidly with low costs.
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