Given that Aggregators have already staked claims in each of the largest consumer spend categories, we are unlikely to see the rise of new dominant Aggregators.
Rather than employing or paying professional creators (the Times employs 1,600 journalists in 150 countries), platforms equip users with the tools to be content creators themselves. Across content forms, user-generated platforms are typically more scalable and capital efficient.
Top Chef judge Tom Colicchio called the illusion of restaurant prosperity “smoke and mirrors” in a recent interview with The Daily Beast, and predicted that, as a result of the underlying precariousness, only 25% of restaurants in the U.S. will survive this crisis. He himself announced on March 14 that he was closing all of his restaurants in New Y... See more