Quote:
Originally Posted by frahse
Platform Economics and the "End Game"
Jeff Bezos is the fox and the rest of us are the chickens--- mine
cluck, cluck, ... |
Really good find. Thanks.
Quote:
The professor recalled listening to Bezos speak back in the early 1990s, when everybody thought he was just a book seller and wondered how he would ever turn a profit.
“We didn’t understand that he was in the business of accumulating customer information and really didn’t care about short-term profits because he, unlike the rest of us, understood platform economics,” Meyer said.
|
And he has since moved beyond that to ecosystem economics, which don't depend on rock bottom pricing. Or wages. But by advocating for higher wages for his competitors he consolidates his gains and can move on without worrying about being undercut by the startups that he's foreclosed.
Still one step ahead.
Yeah, he's crazy like a fox.