“Owners of premium brands can charge more for their offerings, but the owners of two-sided networks want to pay to sellers as little as possible of the money they take in from buyers. The result is an obvious tension. Many platforms, especially when they’re new and trying to build volume and network effects, want to have on board at least one prestigious brand. But as platforms grow, they want to keep more of the consumer’s share of both mind and wallet.” PlatformsNetworksMarketplaces Book:Machine, Platform, Crowd: Harnessing Our Digital Future Source: Machine, Platform, Crowd: Harnessing Our Digital Future
“The platform can also use the extensive tool kit of revenue management techniques to shape which suppliers each buyer sees, and how prominently. It’s not too cynical to expect that a platform might use this power to feature lesser-known suppliers over more famous ones, all else being equal.” PlatformsNetworksMarketplaces Book:Machine, Platform, Crowd: Harnessing Our Digital Future Source: Machine, Platform, Crowd: Harnessing Our Digital Future
“I used to be a poet. My words were traded in marketplaces like pieces of gold. Merchants bought my verses for as much as they paid for saffron and Indian jade. Now I am old... drunk on wine and candle fumes. Alone in this barren room, I speak my psalms to the night air so as to entertain moths before they go off to die. I used to be a poet and my words were gold.” PoetryMoneyGriefLonelinessAmbitionGoldAgingIndianOld ManAgeingBeautiful LifeLamentMothsPsalmsLonlinessExchangingRoman PayneJadeExchangeCandlesSaffronPoeticsMarketplacesMinor PoemMinor PoetryOld Poet Author:Roman Payne
“When a company experiences new kinds of competition, it needs to urgently become a new kind of competition.” CompanyCompetitionCompetition QuotesCompetition And AttitudeMarketplaces Author:Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth