... Glenn Reynolds over at TechCentral also considers the power of blogs: Blogger Buzz-Kill?
Even if the biggest, richest, and most popular blogs are hugely successful financially -- and more importantly, even if they're not -- there will be millions of people out their generating and publishing their own content. Regardless of what happens, the vast majority will be doing it without being paid (they already are) and they'll be doing it because, as I noted last week, it's fun. Which is what should really worry the Big Media people, because it's something that doesn't change with the financial markets. From four years ago comes this advice: "Beware the people who are having fun competing with you!" Because it's hard to put them out of business, so long as it stays fun.