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by wmf 1435 days ago
Tech is far larger than publishing and there's potentially more money to be made organizing/consuming the world's information than in owning it. Some people have been pointing this out for 20 years.
1 comments

For example, Apple could buy News Corporation (the parent company of HarperCollins, one of the litigants) with a single quarter’s profits. Not revenue, profit.

News Corporation enterprise value: $11bn

Apple quarterly profit: $25bn

Yes but why should Apple do that? How would Apple benefit from doing that?
They could use all the books as a loss leader for the Apple ecosystem, similar to how Google Maps spends billions on data that is made available for “free”.