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Loving this so far!
1. Modern monopolies are bottom up build and not top down. They are essentially created by the customers.
2. Companies like Uber, Facebook, Amazon, Alibaba, etc are not taking the pie away from traditional business, they’re making he pie much larger.
3. Microsoft was considered a monopoly of the 90’s and yet they are nearly forgotten today because of the rise of Google and Apple... and in the years to come there will be more technology to overtake google and apple
4. The difficulty with these platform based “monopolies” is to have a large user base and also a larger producer base. It’s hard to bring more people into a platform that doesn’t have producer, and vice versa hard to bring producers into a platform with no customers. Examples include YouTube stars making videos because of people constantly on the site. And more customers watching because of the large amount of content being put out. Uber has troubles with this, so they introduced surge pricing, which is a very genius way to balance supply and demand!
Lots of golden nuggets to feed on and understand the next 30+ years of business and advancement.
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