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2. Old media is recentralizing while new media is decentralizing.

A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price

Why is streaming less profitable? Starting with economic theory, unbundling digital information goods inherently reduces profits and streaming is unbundling TV.

There is always what will turn out to be the life we led, and the life that accompanied it, the parallel life (or lives) that never actually happened, that we lived in our minds, the wished-for life (or lives): the risks untaken and the opportunities avoided or unprovided. We refer to them as our unloved lives because somewhere we believe that the

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After amassing 200m users and 43m creators4, XHS has monetised through various advertising formats. These include screen advertising upon opening the app, influencer-led marketing coordinated through a platform called PGY and consultative-style advertising services that leverage XHS’ user insights, dubbed IDEA strategy. According to XHS, there are ... See more

Media on the incumbent web is in crisis. It turns out that paying publishers for clicks, endless loops of “content” and ads, all served on platforms far beyond their maximum-viable scale is ideal for misinformation, disinformation and the decay of trust.