The Live Door thing is dragging the whole Tokyo Stock Exchange down, but there is particularly high impact on IT companies. I'm sitting in a cab right now talking to the cab driver and he's now convinced that all Internet and IT companies are run by scoundrels. "I knew all of this new economy stuff was bullshit," he says. It will be interesting to see what the long term repercussions will be on our industry. On the other hand, we recovered from the Hikari Tsushin collapse so I'm sure we'll recover from this.
Area of Effect »
Joichi Ito
Jan 24, 2006 - 11:32 UTC »
Categories:
Cite
✖
Cite
-
APAIto, J. (2006, January 24). Area of Effect. Joi Ito's Web [Blog post]. https://joi.ito.com/weblog/2006/01/24/area-of-effect.html
-
MLAIto, Joichi. “Area of Effect.” Joi Ito's Web, 24 January 2006 https://joi.ito.com/weblog/2006/01/24/area-of-effect.html. Accessed 20 Feb 2019
-
Chicago (CMS)Ito, Joichi. “Area of Effect.” Joi Ito's Web (Blog), January 24, 2006, https://joi.ito.com/weblog/2006/01/24/area-of-effect.html
-
HarvardIto, J. (2006). Area of Effect. Joi Ito's Web. https://joi.ito.com/weblog/2006/01/24/area-of-effect.html
-
VancouverIto J. Area of Effect. Joi Ito's Web [Internet]. 2006 Jan 24; Available from: https://joi.ito.com/weblog/2006/01/24/area-of-effect.html
-
Bibtex
@online{Ito2006AreaofEffe, author = {Ito, Joichi}, title = {{Area of Effect}}, journal = {Joi Ito's Web}, type = {Blog}, url = {https://joi.ito.com/weblog/2006/01/24/area-of-effect.html}, urldate = {2019-02-20}, date = {2006-01-24}, year = {2006}, month = {Jan}, day = {24} }
5 Comments
Leave a comment
Recent Comments
Ding! Earned First Higher Degree.
Aug 16, 5:28› Sharon Pak: Joi - Looking very forward to reading. Congrats !! Jul 31, 3:36› Remo Uherek: Well done Joi! Jul 30, 20:19› Lisa Ross: I am excited to read your work. More importantly, to see where you go with your out of the box life and work. You are admired. Congratula…
Jun 1, 1:12› Margaux: Agreed! Regarding the relevance of the medium's name: I typically will bend the rules a little and cite media such as blog posts with the fo…
May 30, 4:44› karl: Ton,View Source. :)Here's the gist of it!https://gist.github.com/karlcow/56567b487e859d38a46b945be4d5c540
May 29, 16:24› Travis: The citation functionality for PubPub uses CitationJS (https://github.com/larsgw/citation.js) and our specific implementation can be found h…
On Ethics and Techno-Utopianism at the Media Lab
May 13, 11:51› Gerdt Kernkamp: Joi,I am a big fan of the Lab. To bring ethics in the mix you need to bring in the personal transformation into the mix. You don't need to b… May 13, 8:17› Jim Anderson : I can see the concern about delegating or 'outsourcing' ethics, but is embedding it through a system really achievable or desirable? Should … May 12, 20:27› Leon Benjamin: Totally agree.Recent Posts
- Blog DOI enabled
- Ding! Earned First Higher Degree.
- Citing Blogs
- On Ethics and Techno-Utopianism at the Media Lab
- Earth Day Energy Summit 2018 in Hawaii
- My comments at the John Perry Barlow Memorial Symposium yesterday
- On Tea with Teachers
- PhDs, blogging and procrastination
- Reducing Reduction Essay Competition
- Super-Presentation - It's a Wrap!
Joi, give it a year or two; the Japanese tourists forgot SARS and are coming back to Canada in droves... I'm sure they'll forget this stuff in a year or two.
I do think that the Japanese government needs to re-think how they enforce these laws, though; how many people in tech companies totally unrelated to Livedoor are going to lose jobs because of what would be a relatively minor fraud issue in any other country?
IT stocks seem to be rebounding at the moment now that they've caught the "witch"...
so sad. Livedoor isnt even an IT company to begin with.
Interesting side effect is that the TSE has used the heavy trading volumes as a way to try and deflect public attention from their overall incompetance.
As for it all blowing over, a friend from Hungary told me an interesting saying "People remember a miracle for three days".
I am sure the after effects are only short term and maybe it is a good thing. Hopefully this incident will make people more careful in the future.
Interesting related article:
Livedoor CEO Molded New Breed of Investor
Takafumi Horie has followers waiting for outcome on fraud charges
http://english.ohmynews.com/articleview/article_view.asp?at_code=307262