Platform Business Model: Connecting, Not Owning
A platform business connects groups (like buyers and sellers) instead of making its own products. It's a marketplace, not a store. This model powers ride-sharing apps and app stores.
A platform business creates value by connecting two or more distinct groups—like buyers and sellers or drivers and riders—and enabling their interactions, rather than producing and selling a product itself. This model underpins ride-sharing apps, app stores, and social media platforms. The most common failure is solving the chicken-and-egg problem for only one side; a platform is useless without a critical mass of both producers and consumers.
Read the original → Wikipedia: Platform (business model)
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- #platforms
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