These economies are not only just places where community members play, but also worlds in which they have financial upside, ownership over revenue generating businesses & valuable digital assets, and defined jobs & responsibilities.
HOWEVER, if consumers are finding a service useful and it becomes a part of their life, retention rates for the second-year approach 80–90% allowing CSS businesses to build extremely profitable cohorts of users that provide years of cash flow.
From 2002-2006, social media companies emerged with the explicit mission of "connecting the world," but the introduction of the feed and the like, plus the switch from friends to " followers " indicated a different pitch: "now, even you can a star."
Reaching your goals is not success if you compromise your values along the way.
Getting ahead shouldn't force you to leave people behind. No accomplishment is worth sacrificing kindness or integrity.
Ambition shapes what you achieve. Character is defined by how you achieve it.
My view is the root cause of a lot of these issues is a deep structural misalignment between the needs of their underlying corporate structure of companies like Twitter and the needs of the networks they operate. There are other ways to build these networks. Email is a good example, which runs on an open protocol called SMTP that isn’t owned by... See more