Understanding Platform Capitalism

2 min read

platform capitalism

Understanding platform capitalism is critical to making money in the 21st Century. To explain, a platform is a network; or ecosystem, (usually) digital that supplies goods or services. The owners of a platform can make money from those goods or services in three ways. First, platforms like Netflix (NASDAQ: NFLX) charge a flat fee or toll for admission to the platform. For example, Netflix members get to access unlimited amounts of streaming video by paying a fee. Second, a platform charges a fee on each transaction. For example, PayPal (NASDAQ: PYPL) charges 2.9% per transaction; or 30₵ a sale, for payment…...

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Daniel Jennings Daniel G. Jennings has been a professional writer for over two decades. He has written extensively on business, technology, economics, finance, financial technology, banking, investment, market, stock market, political, philosophical, historical, and other subjects. Jennings’ favorite subjects include; retail, cryptocurrency, crypto-assets, blockchain, the stock market, international politics, history, and American politics. In addition, Jennings has written hundreds of freelance articles and blog posts for an incredible variety of clients. Jennings currently writes most of the content for the Market Mad House blog, which he maintains. Jennings has a bachelor’s degree in history and an MBA. Jennings lives and works in Colorado, USA. Besides writing Jennings has worked as a journalist, an editor, an accounts-payable-professional, and at many part-time jobs.