Kenny Kellogg

Scott Orn's Personal Blog

Sunday, March 27, 2011

Lending e-books: Internet business 101 | The Economist

Via Alex Bain Favorites

"THE latest newcomer to the e-lending business was the first to be called out. Like other similar sites, Lendle relies on loans of books purchased for Amazon's Kindle reader. But on Monday morning Amazon turned off the content tap that feeds the site; it was not switched on again until Tuesday evening. The brief outage demonstrates a fundamental truth about the internet: if you don't own the data you need to run your business, you're dependent on the policies—and whims—of the parties that do."
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