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They are tools you can use to signal status because they are expensive. You can't do that with Facebook etc. Social media is ultimately not selling status thou
by luckylion 4y ago
They are tools you can use to signal status because they are expensive. You can't do that with Facebook etc.
Social media is ultimately not selling status though, they make money by reaching as many people as possible and you have to lower the entry fee to achieve that.
- Waterluvian 4y agoThat makes sense. And a business whose only moat is, "we have the most people" will always be a fleeting one.