iOS app success is a lottery: 60% (or more) of developers don’t break even

“The App Store is very much like the lottery, and very few companies are topping the charts,” Kafasis told Ars. “It’s a hit-based business. Much like music or book sales, there are a few huge winners, a bigger handful of minor successes, and a whole lot of failures.”

Read more

Source : Ars Technica

Advertisements

Quote of the week

The trader John Paulson earned himself $4 billion and his funds another $15 billion in one year by betting against the housing market. For help predicting the extent of the downturn, Paulson hired none other than Alan Greenspan as an advisor to his hedge fund. The Fed chairman who encouraged the housing bubble even after it began to crash is now cashing in on the very devastation his policies created. The money did not disappear at all.

Douglas Rushkoff  : Life Inc

 

#13 Collected Reading

Quote of the week

“When there is no longer any violence, there is no need for help Therefore you should not demand help, but abolish violence. Help and violence form a whole And the whole has to be changed” – Brecht

1. Holy cow, taxman! Featherweight activist fights battle against the dodgers

“It’s no coincidence that when this government came into power almost the first thing it did was raise VAT rates so that ordinary people would pay more tax and then cut corporate tax rates.”

Economics, Policy, Tax Rate,UK

Source :The Guardian

2.Connective Spaces in Medellín

“Juan Carlos’ comments about countering gang activity through positive use of public space strike an important tone in the role of public space in Medellin.”

Community, Culture, Place, Urban

Source : Connective Spaces


3.When Sweden Rules the World

“Acceptance of failure. Finally, if all of this so far makes Swedes sound like superhumans, take heart. They do in fact fail – pretty often, as it turns out. But here again a good cultural pressure-release valve comes to their assistance: a willingness to accept and learn from failure. While other cultures might blindly contend that failure is not an option, Swedes generally accept that some failure is bound to happen.” 

Culture, Policy, Sweden

Source : Creative Social Blog

4. Adam Curtis Blog: RUPERT MURDOCH – A PORTRAIT OF SATAN

“When Murdoch heard the news that John Major had been re-elected he was on the lot at Twentieth Century Fox. He said two words: ” We Won” “

Media, UK, Culture

Source : BBC

5. There Is No Such Thing as a Free Market 

“Thus seen, the ‘freedom’ of a market is, like beauty, in the eyes of the beholder. If you believe that the right of children not to have to work is more important than the right of factory owners to be able to hire whoever they find most profitable, you will not see a ban on child labour as an infringement on the freedom of the labour market. If you believe the opposite, you will see an ‘unfree’ market, shackled by a misguided government regulation.”

Economics, Culture, Markets, Global, Policy

Source : Truthout

Hope you like this collection. Please comment, share and most of all enjoy.

– Kaushik