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Going direct-to-consumer also adds significant operating costs for traditional networks. These costs approximate the gross margin that traditional pay TV distributors retain, meaning there is little or no economic advantage in cutting out the middleman.

Token Sales as a funding mechanism is sorta 10x better, sorta 10x worse. The ability to easily break stupid laws and take funding from non-accredited investors is a great example of the sorta/sorta dynamic of tokens. It is great that the layman can get involved. It is great that network participants can receive value for their early contributions. ... See more

Amid this uncertainty, a new cottage industry comprised of opportunists and pivoters has sprung up to fill the void: the social distancing consultant.

Pinduoduo’s model was simple: buy everyday items and receive discounts of up to 90% by completing in-app actions or inviting friends to buy them as well. Prices were set by suppliers, and a user's very first purchase was almost always subsidized at a discount by PDD. Subsequent purchases could be made at the full-price, or discounted with a team or... See more