The internet has been the great disrupter for over 20 years now. But the greatest effects of the worldwide network we’ve come to depend on are yet to be seen. This article points to one — and it’s big.
Nintendo and its partners are rumored to be earning more than $1 million per day from Pokémon Go. That money is flowing away from small and medium cities and toward big technology companies concentrated in big cities.
Amazon is doing something similar, diverting business away from local retailers and sucking cash into its corporate headquarters in Seattle. Companies like Google and Facebook are drawing ad dollars that previously went to local newspapers and television stations.
The big tech companies are at the root of a new economy that is funneling real money in ways that we may not have expected or wanted. Check out how the success of Pokemon Go points to an economic reality that needs to be dealt with.
Read full article: http://cnb.cx/29BadMX