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Uber, the world's largest taxi company, owns no vehicles. Facebook, the world's most popular media owner, creates no content. Alibaba, the most valuable retailer, has no inventory. And Airbnb, the world's largest accommodation provider, owns no real estate. Something interesting is happening.
Tom Goodwin
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Media has stopped being about how things get to us, who made it and where it appears, it's becoming an endless fight for eyeballs and which aggregator owns the eyeballs.
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In the new internet age, context is king and no single platform wears a crown.
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The evolution of technology is often based on assumed, rather than real, criteria.
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For all companies, innovation needs to be deeper. Not token gestures on the edge, but fundamental rewiring of business from the core.
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Users, subscribers, growth, global expansion, minimal marginal costs, the promise of future success; this all sounds a bit like the verbiage of a tech company — and that's because the industry has fallen in love with the idea that every trendy fast-growing company is a tech company.
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New-world companies don't fit the bill; the likes of Airbnb, Uber, Alibaba, Facebook, Netflix, Niantic Labs and Snapchat are the fastest-growing companies the world has ever seen. Their growth is exponential, their assets are almost ephemeral, they shun all traditional economic models for valuations. The investments required to scale are almost negligible, their market size often unlimited, their shift from loss-making to profit can be almost immediate.
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Many companies are not tech companies, they are brands.
Tom Goodwin
Quote of the day
A blow with a word strikes deeper than a blow with a sword.
Robert Burton
Tom Goodwin
Bio:
Tom Goodwin is an American speaker and writer.
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