Seth Godin overgeneralizes again, but usefully (emphasis mine):
Any sufficiently overheated industry will eventually resemble high school. High school is filled with insecurity, social climbing, backbiting, false friends, faux achievements, high drama and not much content. Much of this insecurity comes from a market that doesn’t make good judgments, that doesn’t understand how to reliably choose between alternatives. So it turns into a popularity contest.
And of course, mass popularity isn’t all that useful anymore.
Marketers have been lousy at harvesting attention because there was just so much of it. So it was more like strip mining than careful, efficient use of a natural resource. Now that attention is harder to get, people are overpaying for it and the Olympics is just one example. The alternative is to create focused, intense networks that ignore the masses. For most marketers, that’s exactly what we need.