Peter Sprenger gave a presentation at TU Eindhoven on reshaping business models. He discussed how the internet has evolved from an advertising medium to a search medium to a social and real-time medium. This real-time capability is becoming increasingly important and is enabling new areas for service and product innovations. Sprenger also covered how every industry is being impacted and how networking effects can strengthen dominance as users create more users and acceleration of new marketing effects. He concluded by discussing the SoLoMo principle of combining social, local and mobile aspects in business models.