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Dating apps have very peculiar dynamics (e.g. you need to somehow get women on the app and men will follow automatically). Also women may be conservative and th
by agnosticmantis 3y ago
Dating apps have very peculiar dynamics (e.g. you need to somehow get women on the app and men will follow automatically). Also women may be conservative and they might not want to join the latest dating app that ranks 50th on the App Store. So it’s not like anyone can create an app and be successful enough to be worth acquiring. Very few will reach that threshold and then the monopolist can buy those few ones.
So standard economics don’t apply. Also, the statement “ Economists overwhelmingly get these things right more than our intuitions” needs a citation.