IAC Chairman Barry Diller discusses his 20-year history operating internet businesses dependent on search traffic versus investing in physical assets immune to search disintermediation.
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“Google, absolute monopoly on search, and all your traffic, I mean, at least half your traffic, if you were healthy, would come from people coming directly to you. But the other half, Without which you wouldn't be able to survive came from Google and Google over the years was consistently as it monopoly grew was squeezing the people who kind of lived on as a surf on its land.”
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