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The answer, I think, is what it almost always is: that inventors are simply extremely rare. People can have all the incentives, all the materials, all the mechanical skills, and even all the right general notions of how things work. As we’ve seen, even Savery himself was apparently inspired by the same ancient experiment as everyone else who worked... See more

Crucially, Spotify announced that 7,500 musicians are making at least $100,000 per year through its platform, which isn’t much considering the service is available in 93 markets.

3. Influencers enable disintermediation of the social media superpowers: As Facebook matures, CPMs rise, driving up acquisition costs, often rendering the platform unsustainable or unscalable. We’ve witnessed the rise and fall of many D2C companies that competed for attention on Instagram and Facebook, and fell victim to increasingly expensive ad c... See more

So I think Facebook runs into the challenge of, "Okay, we're trying to shift people into stories, we're trying to shift people into the marketplace, we're trying to get people to use messenger and build this WeChat-like ecosystem within our messaging product. But our Feed makes so much money, it's on autopilot right now, so how do we make that tran... See more

On one hand, the internet has become a foundational part of where we experience life. But on the other, it’s made our experience of the world more isolated. And this has impactful consequences on our ability to empathize with one another. Over the next decade, not only will you discover more of your life experiences on the internet, you’ll consume ... See more