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Why Big Tech Companies Aren’t ‘Platforms’

Evercore senior advisor and Columbia Business School professor Joanathan Knee talks to Caroline Hyde about his new book “The Platform Delusion,” arguing that while the platform business model is supposed to mean big bucks from investors with the promise of big returns, many of the big tech platforms essentially “suck the value out of the…

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Evercore senior advisor and Columbia Business School professor Joanathan Knee talks to Caroline Hyde about his new book “The Platform Delusion,” arguing that while the platform business model is supposed to mean big bucks from investors with the promise of big returns, many of the big tech platforms essentially “suck the value out of the companies that actually do things.”

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14 Comments

14 Comments

  1. Tristen Hernandez

    November 20, 2021 at 12:45 am

    Why are there never any comments on these videos?

    • Sir Derty ✓

      November 20, 2021 at 4:34 am

      Their content is junk, that’s why. There is comments, but they put out content all day 100s of video so it gets washed away by the newer uploads instantly. They have a lot of other channels that get views.. but their news is obviously biased for biden like msnbc. Also they promote a lot of cryptoscammers

  2. SASCrypto

    November 20, 2021 at 1:00 am

    I don’t know but Bloomberg has been putting out great crypto content. Web3.0 I am glad to be apart of the new world

    • Sir Derty ✓

      November 20, 2021 at 4:33 am

      No they have not.. it’s been a lot of bogus lies and NFT(scams run by opensea insider trading as revealed by coffeezilla)
      get a clue

    • Avi Aaron

      November 20, 2021 at 12:55 pm

      being apart? or being a part?
      big difference.

  3. ayvri

    November 20, 2021 at 3:12 am

    This guy has confused a platform with a marketplace. Windows is a platform, ebay is a marketplace. Real estate online is a marketplace.

  4. Sir Derty ✓

    November 20, 2021 at 4:38 am

    Big tech companies are platforms. Who is this guy getting his definitions from? Get better sources boomer.
    If you are a person and you get attention off of social media, than by definition and common sense its a platform. Also big tech is funded by public dollars in the 8 to 9 figures now, so its not private at all, especially for being the main source of information and events.

  5. wildreams

    November 20, 2021 at 5:11 am

    I don’t think it’s healthy to discourage risk taking to create something new and innovative.

  6. kayrow

    November 20, 2021 at 6:27 am

    Potatoe, potato…

  7. Birgir Karl Óskarsson

    November 20, 2021 at 8:18 am

    A comment section is a great PLATFORM to declare this video uninteresting and boring.

    • Judge Dredd

      November 20, 2021 at 1:02 pm

      True

    • Bonghune Zhou

      November 21, 2021 at 6:29 am

      Hear hear.

  8. lrm21

    November 20, 2021 at 11:42 pm

    This guy is so wrong. There are only a handful of platform companies in the world. Google is a search and data platform there is no competitor, Facebook(meta) is the social media platform, if you want to reach a broad targeted audience as a business or brand there is no alternative to Facebook and Instagram. Amazon is the ecommerce platform. These are companies that have built effect network monopolies that allow to extract above average value. I have never heard anyone refer to Compass as a real estate platform.

  9. Rn Kn

    November 21, 2021 at 3:01 am

    What is different, is when a platform is decentralized.

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Bloomberg Technology

Tech Leaders Approach Trump, Intel Seeks Altera Buyers | Bloomberg Technology

Bloomberg’s Caroline Hyde breaks down how President-elect Donald Trump and Elon Musk wield their political power as the government works to avoid shutting down. Plus, the Big Tech leader merry-go-round at Mar-a-Lago continues with Jeff Bezos the latest to try and influence Trump’s policies and decisions. And, private equity firms are competing for Intel’s programmable…

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Bloomberg’s Caroline Hyde breaks down how President-elect Donald Trump and Elon Musk wield their political power as the government works to avoid shutting down. Plus, the Big Tech leader merry-go-round at Mar-a-Lago continues with Jeff Bezos the latest to try and influence Trump’s policies and decisions. And, private equity firms are competing for Intel’s programmable chip arm Altera.
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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The Rise of Agentic AI

Creatio CEO and Founder Katherine Kostereva joins Caroline Hyde to discuss the rise of AI agents taking front-line interactions from customer service to sales, and to give her outlook for the space in 2025. She speaks on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes…

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Creatio CEO and Founder Katherine Kostereva joins Caroline Hyde to discuss the rise of AI agents taking front-line interactions from customer service to sales, and to give her outlook for the space in 2025. She speaks on “Bloomberg Technology.”
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Bitcoin Slumps: Trump Euphoria Gives Way to Fed Wariness

Bitwise Asset Management CIO Matt Hougan tells Caroline Hyde why he believes the latest weakness in crypto and Bitcoin over the last few days is a “healthy pullback” which does not take away from the asset class’s overall great run this year. He speaks on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology on…

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Bitwise Asset Management CIO Matt Hougan tells Caroline Hyde why he believes the latest weakness in crypto and Bitcoin over the last few days is a “healthy pullback” which does not take away from the asset class’s overall great run this year. He speaks on “Bloomberg Technology.”
——–
Like this video? Subscribe to Bloomberg Technology on YouTube:

 
Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:

 
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