It’s hard to overstate how much power online platforms now have across the globe.
They enable us to easily book a room in São Paulo, scan the news headlines in Nairobi, search for a job in Wellington, and connect us to the people, products, and services around us.
The dominant model for all of this activity is the modern marketplace.
Amazon, Airbnb, Didi Chuxing, Uber, Stripe, WeWork, these are all marketplaces, designed for people to buy and sell products and/or services. The model also extends to social media, where platforms like Facebook have marketplace features and are also viewed as a marketplace for information, ideas exchanged, views shared, beliefs tested etc.
But a marketplace isn’t a community, and as it turns out the difference matters quite a bit.Read More