TikTok is less a pure social network, the type focused on social capital, than an entertainment network. I don’t socialize with people on TikTok, I barely know any of them. It consists of a network of people connected to each other, but they are connected for a distinct reason, for creators to reach viewers with their short videos.
Monogamous, non-fungible marketplaces are terrible business propositions: users will find a specific option that they like and leave the platform to continue with that individual forever. Promiscuous, non-fungible marketplaces, however, are the best business propositions: users will need to continue returning to the platform both to fulfill their... See more
Similar to physical activity in the Strava example, learning is not something that most people enjoy doing. As TikTok founder Alex Zhu points out, education goes a little against human nature. In combination with a strong enough signaling mechanism however, you can get users to participate. It’s kind of the opposite of Chris Dixon’s famous “Come... See more
Another striking aspect to Diamond's answer is Bandcamp's connection to physical goods. It is a digital-only business: it has no warehouses or delivery service, like Amazon. But Bandcamp allows artists to take orders for physical goods that they can fulfill however they choose – from their homes, from record labels or distributors, or from... See more
One way to think about it is that Amazon’s “people who bought this also bought” feature was never available to Shopify merchants since any given merchant only had info on who bought their products, not all the other products that people purchased across Shopify. But now, in some sense, the benefits of this data will be available to merchants.
This may sound counterintuitive, but I deeply believe that the path to happiness in a relationship is not just about finding someone who you think is going to make you happy. Rather, the reverse is equally true: the path to happiness is about finding someone who you want to make happy, someone whose happiness is worth devoting yourself to.