1.2 Billion People Are ‘Extremely Poor’, Subsist On Less Than $1.25 A Day

That has to be the most disturbing stat we spotted in a while here at Statspotting – even though the number has come down from say a decade back, this number is still huge – 1.2 billion people live in ‘extreme poverty’: defined as subsisting with less than $1.25 a day. (Source)

Where did we spot this one billion number recently? Yes, there would be a billion android devices by the end of 2013. Wait, we have a better one: Under-Reported Income To IRS: World Poverty Will End Ten Times

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Domain Names And Bitcoins: The Pricing Conundrum

What is a domain name worth? The most popular answer also happens to be the correct answer: a domain name is worth whatever a buyer is willing to pay for it. But why is this a special case worth discussing?

1. Domain names are unique. There is one, and only one . in the world. In a lot of ways, it works like real estate. If you are lucky enough to find a buyer who very badly needs the name, he will pay you whatever he can afford for that name – there is really no other way to put a price tag to the domain name.

2. In many ways, the supply of domain names is limited (this is probably changing btw) – there are only so many 3 letter .coms, 4 letter .nets and so on.

Add 1 and 2, you have a skewed supply demand scenario – which is why you see these eye-popping dollar amounts paid for domain names. Sometimes. The key lesson? Domain names are not commodities, so the normal rules of pricing, based on supply and demand, fail miserably in price discovery.

Let us move over to Bitcoins. What do we have there?

1. They are not unique – they are, in fact, a commodity.
2. Supply, however, is limited. There can only be 21 million Bitcoins in the world. Ever.

So we have a partially skewed supply demand scenario – which is why we see such high volatility in Bitcoin prices. The market might not fail in price discovery here – it just needs to go through a couple of hype-panic cycles to get the pricing right. Because, unlike domain names, each bitcoin is not unique, and hence the market (the forces of supply and demand) will discover a price for a bitcoin sometime soon. Ignore the gyrations until that happens – or participate in it if you think you can get it right!

You might want to also look at Bitcoin’s Rise: What If It Is Not A Bubble?

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Pocket Statistics: Users Saving 35 Million Items Monthly To Read Later

This is a stat we have been looking to spot for some time now – the bookmarking read me later app Pocket, is increasingly becoming the park it for later place of choice among consumers. Users are saving 35 million items monthly (Source)

How do we digest this stat? By comparing with Instagram, maybe. Instagram does some 40 million photos per day. Let us try try Twitter. 400 Million tweets per day. Did we get the scale? More or less. Pocket is some 30 times smaller than Instagram.

We need a few more numbers to digest this one. Very soon.

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Mobile Ad Revenues More than Double For The Second Year In A Row

Internet advertising continues its upward trend – Digital advertising revenues climbed to a milestone high of $36.6 billion in 2012 (Source)

And here is the bonus stat – For the second year in a row, mobile achieved triple-digit growth year-over-year. The past year saw the mobile category surge 111 percent to $3.4 billion, pivoting off of 2011’s record-breaking 149 percent year-over-year rise to $1.6 billion. Mobile accounted for 9 percent of total internet ad revenue in 2012. (Source)

How do we digest these stats? Let us try this: Google made USD 50 billion in 2012 revenues.

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Is Facebook Making ‘The Netflix Mistake’ ?

‘The next search engine is just a click away’ was how Eric Schmidt famously proclaimed Google’s strength in web search – the fact that in spite of that most web users continued to use Google, showed that the product was still the one to beat in the market. A stronger argument could be made for Facebook – add the fact that nobody wants to move their network along with them – you logon to Facebook because ‘that is where your friends are’ and it is probably never going to change. Probably.

We had written about the mistake that Netflix made – the lack of a device – read ‘The One Mistake That Might Haunt Netflix Forever’. The world is moving into platforms in decisive ways. Your gaming console is a platform. Your TV is a platform. Your mobile phone is a platform, too. Your e-reader is a platform. Your shoes – they are a platform too. What is the common thread across these platforms?

Hardware. This is what we wrote, on Netflix: ‘As the content distribution game enters the mobile entertainment era, and as a ’5 inch plus’ world thirsty for mobile content gears up to move ‘anytime, anywhere availability’ to the top of its priorities, not getting a device into millions of hands (when it had the opportunity) is a mistake that might haunt Netflix for a long time.’

It might be a mistake that might haunt Facebook as well. Hardware platforms stick. Hardware sticks. Maybe Facebook should just build that 5inchplus device. Because now, it can.

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22.55 Percent: EBooks’ Share Of All US Publishing Revenue In 2012

This habit has more or less ‘tipped’: ebooks are definitely mainstream now. We spotted this stat today, that some 22.55 percent of all publishing revenue was from ebooks. (Source)

How do we digest this stat? This one is very simple – we had spotted some trends that pointed to this in the last few months – a 70 percent YoY growth in 2012 announced by Jeff Bezos, and a 9.7 billion by 2016 size expected for the industry overall.

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Just Get A Programming Job

There is a lot of uncertainty in the economy these days, and even the moneymakers (central bankers) do not seem to know when things would look great again. Jobs are not aplenty, and there is a huge focus on skills. The usual place where youngsters hide in scenarios like this – college – is too expensive as well. So here are the requirements:

1. It should pay well so you don’t have to worry about the bills (which seem to have been on an uptrend these days)
2. It should be something you would even pay for. Which means that there should be a big element of education involved in the job: basically you should be building some skills.
3. It should be a set of skills that is in demand, and will continue to do so for the next 8-10 years.
4. Every additional day you work should have at least additive (ideally multiplicative) effect on your skills.
5. The atomic unit of your work should be some form of problem solving.

Just get a programming job. Forget the ‘learn to code’ videos, the demand for this skill is not going away anytime soon.

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A Simple Trick To Get Over ‘The Bitcoin Regret’

As we see that number going up – from 100 dollars per bitcoin to 150 to 200 to 240 to … invariably we get into a regret loop – “I should just have trusted my guts and gotten into this thing when it was 2 or 3 dollars or maybe even less”. The regret is real – because the USD-BTC exchange rate is real. To add to the pain, we don’t even know if it is a bubble in the first place.

After spending hours on ‘The Bitcoin Regret’ (‘If I had invested xxx when BTC was yyy, it would now be worth zzz’), finally, here is a solution that will get you out of that loop. Repeat after us:

“Even If I had bought Bitcoins at price X, I would have sold it at 2X. Or maybe 3X. I would never have left my money in something that nobody seems to understand”

That is it. The Bitcoin Regret is real. But you can get over it. Get Over It. Now.

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Crowdfunding Up 81%, VC Down 7.5% In 2012: $2.66 Billion Vs $28.3 Billion

We are of course not suggesting a Crowdfunding Vs VC annual comparison from now on (although it might be a good idea) – but we spotted two stats to help us ‘digest’ the scale and magnitude of these two modes of funding – Crowdfunding websites helped companies and individuals worldwide raise $2.7 billion from members of the public in 2012, an 81 percent increase on the previous year (Source). And this: Venture capital for 2012 hit $28.3 billion invested across 3267 deals. Funding was down 7.5% and failed to reach the $30 billion mark seen in 2011 ($30.6B) (Source)

Crowdfunding is up 81 percent in 2012. VC funding is down 7.5 percent. Beginning of a trend? We don’t know.

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‘High-Income = Apple’: 70% of Teens From High-Income Families Prefer iOS

There is something really strong about the High-Income groups’ connection with the Apple brand. We spotted this stat today, that while Apple remains the preferred brand among teens overall, when it comes to high-income groups, the preference for the Apple brand is more pronounced. (Source)

How do we digest this stat? Let us try this: Apple is being forced into making cheaper iPhones and other devices due to fierce competition from the Android world. If introduced, this will definitely dilute the Apple brand in the long run (it would definitely result in better numbers in the short run). The idea that Apple should actually be two companies suddenly starts making sense.

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