Paretos law

1) What is Pareto's Law? 

The Pareto principle (also known as the 80–20 rule, the law of the vital few, and the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes.

2) What other industries or examples can you apply the 80/20 rule to?

- 80% of the media is controlled by 20% of the institutions/companies

- 80% of a company's sales come from 20% of its products

- 80% of company's complains come from 20% of customers

- 80% of a company's profits come from 20% of the time its staff spend

- 80% of a company's profits come from 20% of its customers

- 75% of website access goes to 25% of people

3) List three arguments in FAVOUR of Pareto's Law applying to the internet:

Microsoft owns Skype and outlook

Google owns android, Google+, you-tube and blogger

Yahoo owns vine
4) List three arguments AGAINST Pareto's Law applying to the internet:

Twitter, Tumblr & blogger are not always true

5) Even if Pareto's Law applies to internet ownership, does it still apply to the content we read online?