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Modern Monopolies

What It Takes to Dominate the 21st Century Economy
Narrated by: Jonathan Yen
Length: 10 hrs and 7 mins
4.5 out of 5 stars (6 ratings)

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Publisher's Summary

What do Google, Snapchat, Tinder, Amazon, and Uber have in common, besides soaring market share? They're platforms - a new business model that has quietly become the only game in town, creating vast fortunes for its founders while dominating everyone's daily life. A platform, by definition, creates value by facilitating an exchange between two or more interdependent groups. So, rather than making things, they simply connect people.

The Internet today is awash in platforms - Facebook is responsible for nearly 25 percent of total Web visits, and the Google platform crash in 2013 took about 40 percent of Internet traffic with it. Representing the 10 most trafficked sites in the US, platforms are also prominent over the globe; in China, they hold the top eight spots in web traffic rankings.

The advent of mobile computing and its ubiquitous connectivity have forever altered how we interact with each other, melding the digital and physical worlds and blurring distinctions between "offline" and "online." These platform giants are expanding their influence from the digital world to the whole economy. Yet, few people truly grasp the radical structural shifts of the last 10 years. In Modern Monopolies, Alex Moazed and Nicholas L. Johnson tell the definitive story of what has changed, what it means for businesses today, and how managers, entrepreneurs, and business owners can adapt and thrive in this new era.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.

©2016 Applico, LLC (P)2017 Audible, Inc.

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    5 out of 5 stars

Honestly a great book for product strategy

For all start-ups this is a must read book on how you can identify and make your product a platform. Software has become a commodity and the cost to buy is going down with each day.

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  • Gary H.
  • 16-11-17

Mostly notes for myself or highlights of the book

Loving this so far!

1. Modern monopolies are bottom up build and not top down. They are essentially created by the customers.

2. Companies like Uber, Facebook, Amazon, Alibaba, etc are not taking the pie away from traditional business, they’re making he pie much larger.

3. Microsoft was considered a monopoly of the 90’s and yet they are nearly forgotten today because of the rise of Google and Apple... and in the years to come there will be more technology to overtake google and apple

4. The difficulty with these platform based “monopolies” is to have a large user base and also a larger producer base. It’s hard to bring more people into a platform that doesn’t have producer, and vice versa hard to bring producers into a platform with no customers. Examples include YouTube stars making videos because of people constantly on the site. And more customers watching because of the large amount of content being put out. Uber has troubles with this, so they introduced surge pricing, which is a very genius way to balance supply and demand!

Lots of golden nuggets to feed on and understand the next 30+ years of business and advancement.

2 people found this helpful

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  • Adam Roach
  • 30-03-19

Eye opening!

Great explanation of platform business in today’s world. The authors do an amazing job of breaking down how and why the companies that we use on a daily basis are so successful.

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  • Anonymous User
  • 24-08-18

Modern Monopolies

Great analysis of the platform business model. I’d highly recommend reading if you’re looking to start a platform business or just want to learn more about the dominant & most profitable business model of the 21st century.

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  • Robert ONeill
  • 05-01-19

Good content

Interesting topic to nerd out on. With all due respect the narrator while articulate and professional sounded dry and like an old professor lecturing a class you may need a catnap in. The other issue early on is that it started out smelling like a sales pitch for the authors’ consulting business. That just makes ones BS radar start beeping. But good credible content thereafter.

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  • Erskwords
  • 28-10-18

Required reading for makers and market movers

Modern Monopolies offers a solid introduction to, and understanding of, the platform business model and the unprecedented market success enjoyed by its greatest adherents. Replete with relevant examples and easy-to-follow insights, it is a must read for any C-level executive who wants to learn how to leverage the power of platform economies.

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  • Moira Pryde
  • 26-10-18

Very informative review of platform companies.

Wonderful tips on the essentials of building a successful platform company and, how to avoid failure.

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  • Anonymous User
  • 04-06-18

Very good

Great book with many kinds of entrepreneur examples. Its indicate if you want understand the big tech and digital business.