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Mob rules

Wired Magazine (geez, remember when they were cutting edge?) has an article this month on "Crowdsourcing", and the first example they give is the impact of iStockphoto.com on professional photography.

"Harmel isn’t the only photographer feeling the pinch. Last summer, there was a flurry of complaints on the Stock Artists Alliance online forum. 'People were noticing a significant decline in returns on their stock portfolios,' Harmel says. 'I can’t point to iStockphoto and say it’s the culprit, but it has definitely put downward pressure on prices.' As a result, he has decided to shift the focus of his business to assignment work. 'I just don’t see much of a future for professional stock photography,' he says."

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“Mob rules”