Not sure how I feel about coins, but I sure as heck know how I feel about big corporations and their take rates of near 100%
âThe combined revenue of the five largest social networksâFacebook, Instagram, YouTube, TikTok, and Twitterâis about $ 150 billion per year. Nearly all major social networks have âtake ratesââthe percentage of revenue network owners take from network usersâof 100 percent, or near to it. (YouTube is the one outlier with a take rate of 45 percent, for reasons weâll get into later.) This means the vast majority of that $ 150 billion goes to those companies instead of the users, creators, and entrepreneurs who contribute, build on top, and create value for all.â
â Read Write Own: Building the Next Era of the Internet by Chris Dixon 4 replies
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