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1:49
YouTube
tutor2u
Platform Decay - 60 Second Enrichment Economics
Platform decay describes the predictable lifecycle of two-sided digital markets. Initially, tech firms heavily subsidise services to attract consumers and build network effects. Next, they lure in suppliers. Once both sides are locked in by high switching costs, the platform exploits its dual monopoly-monopsony power. It deliberately degrades ...
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1 week ago
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