Aren’t magazines like ‘Time’ misleading us?

time analysisAren’t we just blind folded by news we assume to be True because it comes from a great source ? Isn’t talking about fancy things or abusing someones work a great controversial advantage to get eye balls ? If so can we say that ‘Time’ is fooling us? I compare 2 of their views to prove this.

Recently Time came up with 2 articles. One which said YouTube as the biggest Tech failure of the decade. And now it publishes Twitter will change the way we Live. Personally I am a great fan of both these sites but here theres a great contradiction in what Time puts forth and way it judges.

There are several questions that pop up in my mind on their take…

1. Youtube is tagged a great failure just because its not profitable ? Is success only judged on the basis of profit margins ? then most of the businesses in these times are greatest failures, right? What about Twitter, How much millions is it making ?

2. Ask any damn person that you want to share a video and dont know how. The answer in most of the cases will be YouTube. Now ask any damn person what is Twitter or if at all he knows can he give any advantage of tweettering. Unless he is behind marketing himself, his company or product; I guess there wont be a satisfactory reply.

3. Agreed YouTube pumps 20 hrs of video content every minute resulting in 470 million dollar losses a year. But hey its still there when I want it as a consumer. Twitter crashes every other day.

4. Isnt those rising costs a sign of prosperity ? As per Neilsen 60% Twitter users never come back and as per Harvard 10% twitter users are the ones who generte 90% of the tweets

5. Assume you want to make a video sharing site, to be a YouTube it will take ages, to build such a huge mammoth. But in case if you provide a more stable service to tweet; twitter users might just move away.

6. The viewership of Youtube is growing every year. In US for March 2009 it was 99.7 million. For Twitter 60% leave without using it. As quoted by harvard.

7. Youtube can still come up with any business model. Charging to upload, Ads in videos, Charge for viewing premium content etc. What Business models can you think about Twitter ?

8. Agreed maintaing billions of tweets on my server will be much easier than billions of videos, but at the end of the day it is google’s mission – “To organize the world’s information and make it universally accessible and useful.” Google had to still scan through and cache those videos some day to provide better search.

9. You will someday relook a video posted 1000 days back. Have you ever tracked what your followers tweeted even 2 days back ?

Ok, Dont get me wrong! As concept Twitter I believe is great. But as a service Twitter is not yet up to the mark and again as business model, its not working!

What I object on for Time is the way it judges companies and services. Both YouTube and Twitter are yet to come up with a Business model. And judging one as a hero and other as a fool will be foolish on our part. As Freakonomy taught me, at times its better to judge a things by ourselves rather than believing it to be true just because some great old man told us to.

I leave you with the following quote from

“The man who reads nothing at all is better educated than the man who reads nothing but newspapers”. — Thomas Jefferson (1743 – 1826)

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wiseinvestor June 9, 2009 at 3:23 am

Totally agree, blindly appealing to authority is not wise.

Like every financial adviser, so called professionally trained in financial planning will advise you to buy life instead of buy term and invest the difference.

Simply because, they will earn more by doing so, even though in most cases, the people will be better off buying term and invest the difference.

Chanda Himanshu June 10, 2009 at 6:45 am

Great example. This again reminds me of the book Freakonomics which has similar example of realty brokers who provide different advice to clients but dont use the same when they buy homes themselves….

Sonia George June 12, 2009 at 5:03 am

A Good Eye opener.

Ziggy January 1, 2012 at 10:50 pm

This is the main reason why I stopped reading Time. They printed two contradicting articles in the same issue. When I pay good money to a magazine, I expect them to go out, find the truth and bring it back to me. If you don’t find the truth, that’s fine, but don’t go ahead and print anything. I’d rather know nothing than know false information.

Himanshu Chanda January 2, 2012 at 4:44 am

Thats right Ziggy. These guys should adopt responsible journalism

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