Modern monopolies
by Alex Moazed · first published 2016
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2017–2020first – last mentioned
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What do Google, Snapchat, Tinder, Amazon, and Uber have in common, besides soaring market share? They're platforms - a new business model that has quietly become the only game in town, creating vast fortunes for its founders while dominating everyone's daily life. A platform, by definition, creates value by facilitating an exchange between two or more interdependent groups. So, rather that making things, they simply connect people. The Internet today is awash in platforms - Facebook is responsible for nearly 25 percent of total Web visits, and the Google platform crash in 2013 took about 40 pe
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…flawed. The bigger opportunity is "network effects" like community, crowdsourcing, etc. It's the platform, not the content. If you already agree with that, your time would be better spent reading "Modern Monopolies" because it has more tactical ideas for execution: https://www.amazon.com/Modern-Monopolies-Dominate-Century-Ec...
on “Annual survey of book recommendations” ↗…very democratic, they are also very monopolistic. It's weird and not something you should analyse without undoing your intuition about companies. The economics is very different. Book recommendation: Modern Monopolies by Alex Moazed
on “Ask HN: Why can't we solve the app store monopoly problem?” ↗