Category: News Briefs

The fundamental operating principle of social platforms: Humans are constantly seeking ways to elevate their status and identity. Users accumulate social capital—social prestige—on these platforms. People who already have achievements don’t need others to validate them, which is why early social platforms were dominated by young adults without established social capital. #ReadingNotes#

A profitable business is often half-automated. That means there are still parts where human input matters — and the real value lies in those irreplaceable people. #ReadingNotes#

Profits ultimately come from risk, so even though you do all the work, most of the money goes to the boss.
Because the market rewards those who bear risk, not those who labor. #ReadingNotes#

In a market with full competition, an internet product that attracts users and maintains sustained engagement does so because it delivers irreplaceable value.
In other words, an internet product must not only create value for users, but the value must be substantial and distinctive enough to form a moat that prevents churn and defends against aggressive competitors. #ReadingNotes#

The three things a boss loves to hear most: the company is making money, the business is scaling up, and problems are being solved.