the biggest surprise is that the most enduring companies are not mega companies. most of them have under 300 employees.
In contrast, fiat currencies, which are jurisdictional standards, commonly require adapters that extract rents. Financial intermediaries serve as adapters that coordinate economic activity across political boundaries.
Peretti’s solution to that problem, it turns out, sounds a whole lot like a combined BuzzFeed/HuffPost — publications that are widely distributed, supported by advertising, and free:
In some ways the left has become even more conformist than the right. The liberal New Republic has less viewpoint diversity than the conservative National Review — a reversal of historical patterns.
There have been hundreds of investigative reports, technical analysis, research whitepapers, statistical studies, PhD dissertations, and more about how TikTok’s secretive recommendation algorithm works. TikTok’s recommendation system is without a doubt incredibly complex and impressive, but so too are the recommenders that Facebook, Instagram, and ... See more