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Walmart claimed last July Jet black’s customers were spending $1,500 per month, on average. But there weren’t enough customers — or efficiency in the business model — to make Jet black profitable.

Because of this, the next chapter of reputation will flip from “reputation of platform and publisher” to “reputation of creator.” The source of reputation is no longer with the platform where the creator resides but tethered to the creator itself. Consumers, observers and owners are becoming more creator specific; there is less trust in the platfor... See more

The affluent, early-adopter users who are mostly likely to pay $ᵤ are also those users with highest $ₐ, as advertising to them commands a premium. Unless you enforced discriminatory subscription pricing to users, based on the counterfactual of their potential ad revenue, you’d still be better off advertising to the people willing to drop $10/month ... See more

In June, Walmart announced plans to add Shopify stores as merchants to its third-party marketplace. Shopify is Walmart’s first platform partner ever, although Shopify had integrations with Amazon and eBay for years. The partnership adds a channel for Shopify stores and allows Walmart to onboard brands that the company could ultimately approach more... See more

Wizards make magic (and money). At the center of Dune’s “figure-eight flywheel” are the platform’s creators, better known as “wizards.” These data analysts create the dashboards that consumers view. In the process, they construct a resume of their skills, get paid via bounties, and discover professional opportunities.

Because SoftBank is so nakedly ambitious and takes such big swings, it’s extremely polarizing. Most recently, SoftBank’s Vision Fund went from “This is going to change the world” to “They’re ruining venture capital” to “See! This guy is an idiot” in the blink of an eye. As a result, there’s not a lot of nuance in the conversation around the company... See more

What advice would you give to help people start shifting their bonus system to something more along the lines of this?