Dave has a pointer to a Financial Times story that mentions Andrew Sullivan's web log and the fact that it has just turned a profit. I notice that he accepts donations and has received a minimum of $11,000. He mentions the site is expensive to maintain. This is obviously a concern as I look at the cost of maintaining these platforms.
Interestingly my categories include "Investing" and "The Virtual Corporation". Deep down I feel there is enough brain power among web loggers to bring substantial financial benefits to this undertaking. In fact the Financial Times piece states:
"While most bloggers comment on news reported elsewhere, some do their own reporting. Making use of the latest wireless internet access technology, they can tell the world as fast as they can type what a corporate executive or politician has said. Even wire service reporters cannot beat them because the former must file copy to a news desk before it is published."
This reminds me of a quote by Carnegie or Mellon or one of the old Moguls saying that he made money by having information before everyone else did. I have long thought that web logs would be better platforms to discuss individual stocks than the Yahoo message boards. With the ability to subscribe to the RSS feed of a individual stock web logger attending the investor conferences you could be notified before the main stream press of interesting developments. Just a thought.
7:58:16 PM 
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