New and Digital Media Pareto's Law

1) What is Pareto's Law? Sum it up in a paragraph.
Pareto's Law (Lin Webster) suggests that 80/20 is rule that a minority of producers serve a majority of consumers, a large percentage is produced by a small percentage of producers. This Law is applied to ownership opposed to Content. For example 80% of media texts are produced by 20% of producers. This can be applied to large companies such as Google and Microsoft, accounting for most of the sites we use. 

2) What other industries or examples can you apply the 80/20 rule to?
The music industry can be used as an example as 80% of the songs in the chart hits are produced by 20% of producers.

Furthermore business management consultant Joseph M. Juran suggested the principle and named it after Italian economist Vilfredo Pareto, who observed in 1906 that 80% of the land in Italy was owned by 20% of the population; Pareto developed the principle by observing that 20% of the pea pods in this garden contained 80% of the peas. 

80% of population is served b y 20% of businesses
80% of the market share is owned by 20% of the companies
80% of complaints are from 20% of the customers
80% of value is achieved by 20% of the effort 
80% of work is completed by 20% of the team 
80% of software problems by 20% of bugs 
80% customers only use 20% of software features
80% wealth is owned by 20% of people

3) List three arguments in FAVOUR of Pareto's Law applying to the internet:
- Top 5% of all websites account for 75% of user volume

- Google own 127 sites.
Google own Google Earth, Google Map, GMail, Youtube, Blogger, Picasa, Nexus, Andriod OS and much more.

- 80% of searches are searched on the internet on 20% of the search engines.


4) List three arguments AGAINST Pareto's Law applying to the internet:
- Large companies don't own user generated content, it applies to the ownership.

- Content in YouTube videos are produced by users not by the company, Google.

- Similarly, texts and images on blogger or tumblr aren't produced by google or Yahoo but the suers themselves.
5) Even if Pareto's Law applies to internet ownership, does it still apply to the content we read online?

Ownership and Content are two different things, although the products of users is the form of text such as video or posts, etc, it isn't produced by the company but the users themselves, user generated content.

The three points for the Pareto's Law are reinforcing the ownership and the three against the Law are explaining how the companies don't own the content.  This law doesn't apply to whole internet as in media institutions. The company doesn't control what is posted or said by users.