NEW YORK (
) -- Forty years of value destruction? Or four decades of e-revolution? Your view of the Internet probably depends on where you stand, as either a buyer or a seller.
Some big offline commercial pillars like
The New York Times
(NYT - Get Report)
, or failed phonebook publisher
have crumbled dramatically under the weight of the online model.
Since the first computer network error message was
received 40 years
ago, the Internet has been a force of disruption, a spigot of cheap distribution, an undertow of devaluation.
(EXPE - Get Report)
, there are thousands of shuttered travel agencies. And the virtual shelves of ebooks on
(AMZN - Get Report)
Kindle threaten to fell forests of book publishers.
(GOOG - Get Report)
has done a fair share of undercutting in its 11 years as a company.
In its quest to index all the world's information, Google's search service has become the news, pictures and video kiosk for the planet.
Now that Google's Android wireless operating system has become a formidable contender, the Internet giant has a whole new set of peers.
Google's Navigation application on the new
Droid phone coming to
(VZ - Get Report)
on Friday could be a big threat to GPS device makers and services like
(GRMN - Get Report)
The decline of GPS devices has been coming ever since phones started getting smarter. Not only were navigation maps and directions easy to include, but telcos could also charge extra for use of the service.