The streaming economy doesn't work for artists. In 2019, only 12% of music industry revenues went to artists. And, in Spotify's investor relations reports, payouts to rights holders are labeled as "cost of revenue" or "content costs".
But when you really think about it, why do they still have the feed? Why do you have to tap to get into the Story's experience? I think what TikTok ultimately did, there were a lot of competitors over the last 10 years that were doing similar products, similar sort of full-screen videos. I think what TiKTok really did was they designed the whole pr... See more
Today, there is an ecosystem of retailers, services, and brands primed to appeal to modern consumer behavior. There are prominent, online-first furniture marketplaces like Houzz and Wayfair. Yet, there isn’t a digitally-native home improvement hub for modern brands like Sunday, Titan Sinkware, Setter, Article, Clare, Open Spaces, Burrow, and The In... See more
We are not against algorithms. We’ll enthusiastically use algorithms, or AI, or any other technology we can get our hands on, as long as we can use them to serve the human ends that we care about.