The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 7 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Platforms Are Transaction Intermediaries, Not Inherently Bounded to Digital Technology
“We think of it as an intermediary for transactions. And that's it. I know sometimes we see people sort of think of platforms as being bounded to digital technologies. People equate the term platform as digital platforms. For us, that's actually limiting the sc…”
Preference Heterogeneity Dictates How Quickly Platform Returns to Scale Diminish
“Returns to scale is always diminishing, but how quickly it diminishes depends on the space you operate in.”
YouTube's Unmatched Watch-Time Data Creates an Insurmountable Discovery Advantage Over Copycats
“So YouTube accumulates this unique set of knowledge about both what you like and watch time of others that attest to the quality of the video. So that makes the search so much easier on YouTube compared to A competitive platform, even if it's a complete copyca…”
Multi-Homing Costs for Video Creators Cross-Uploading Between Platforms Are Low
“The cost of multi-homing on the creator side is actually not huge. You take your catalog, you upload to another platform, it shouldn't be theoretically impossible.”
Frictionless Multi-Homing by Both Customer Groups Eliminates a Platform's Scale Advantage
“It doesn't matter if my platform is right now larger if technically both groups of my customers can frictionlessly multi-home on the other platform.”
Network Effects Describe Value Creation; Strategic Power Requires Defensibility Against Competition
“Network effects describes only the value creation, and it's a statement without consideration about competition, which the latter is all power is about. So regardless of how we end up defining network economies, it is the type of platform that we believe has p…”
Platforms Constantly Compete Against Disintermediation by Buyers and Sellers Transacting Directly
“Platforms are naturally also competing with their own customers, because what if your customers go direct to each other? Buyers and sellers just transact off you. So as a platform, you have to first prove that you provide enough value that they should pay you …”