So when someone came along who actually managed to compete with and even frighten Google — namely, Facebook — how is Google competing? By going open. There’s a lesson in that for the rest of us.
I keep saying that media companies should ask WWGD – what would Google do — in formulating their digital strategies. Well, in Google’s Open Social, we see that the best competition against a growing monopoly is openness.
So how should we compete with Google or at least challenge its monopoly? Openness. I’ve argued for sometime that we need an open-source ad infrastructure. If the rest of the world other than Google — that is, those who have the other half of advertising Google doesn’t yet have — can gather together and create standards, then Google would be faced with the same decision Facebook is now faced with: whether to use those standards. What organized Facebook’s foes? Ironically, it was Google. Who could organize the nonGoogle ad universe? I see no one on the horizon. That’s why Google keeps growing. We’re letting them.