It doesn't matter what trend you chase, growth hack you engineer, or platform you build on. Digital media companies can only win if they own the customer relationship and monetization on their own platform. They must be direct-to-consumer first companies.
I realized I made an error to FB/IG total and that the Mktg Cost line item should have been allocated to FB/IG
And added $100 AOV to the title to better ground the % variable costs
The story is the same, but its important to use this illustration vs OP as the mental model
Like Web 2.0 platforms, a well-designed crypto network is a live, running service, and it too can be the basis of strong network effects that create switching costs. Given that crypto networks rely on open source code, it’s true that they can be more easily copied (or forked). But while replication of code may be free, the social cost of coordinati... See more
— Grandma, how to do deal with pain?
— With your hands, honey. If you do it with your mind in place to relieve the pain, it becomes even harder.
— With our hands grandma?
— Yes. Our hands are the antennae of our soul. If you move them by weaving, cooking, painting, playing, or sinking them into the ground, you send signals of care to the d... See more
It's remarkable that arguably the two most successful online multiplayer creations of the last twenty years relied on unpaid workers. Both Wikipedia and Bitcoin have scaled to absurd sizes on volunteers' backs, inspired to work without tangible reward. Many successful open source software projects have done the same.