Munger cites FedEx as one of his favorite examples on the power of incentives: The heart and soul of the integrity of the system is that all the packages have to be shifted rapidly in one central location each night. And the system has no integrity if the whole shift can’t be done fast. And Federal Express had one hell of a time getting the t... See more
Open Source Content represents an incredible opportunity for UGC platforms to turn viewers into creators. Platforms adopting this model are more likely to enjoy much better engagement than the standard 90-9-1 ratio, like Musically's 25% creator ratio reported prior to the TikTok acquisition.