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%
“The combined revenue of the five largest social networks—Facebook, Instagram, YouTube, TikTok, and Twitter—is about $ 150 billion per year. Nearly all major social networks have “take rates”—the percentage of revenue network owners take from network users—of 100 percent, or near to it. (YouTube is the one outlier with a take rate of 45 percent, for reasons we’ll 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.”
— Read Write Own: Building the Next Era of the Internet by Chris Dixon 4 replies
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