Thursday, February 24, 2011

Stock Loss: Stupid is, as Stupid Does

When Getty Images acquired iStockphoto, they said they did so to prevent iStockphoto from canibalizing their own business, at a time when the average price for a stock photograph was in the $900 range.

Here's a photo, on the iStockphoto website (here) of a nondescript fragrance bottle. Price? About $10.

Where can you buy this exact same photo, with the exact same resolution, for $340?

(Continued after the Jump)

Why, iStockphoto parent company, Getty Images, right here via their Getty Images Flickr site!

So, Getty is doing a pretty good job of self-immolation. This isn't the first time, nor will it be the last, that Getty Images makes mistakes that cost them their bottom line!

(via Shannon Fagan on Facebook)

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