Naughton on Ebay

quotes decentralization exchange technology

14 Sep 2015

John Naughton on eBay and the online platform:

Perhaps the most significant thing about eBay was that it was the prototype for what may turn out to be the most disruptive business model enabled by digital technology – that of the online “platform”…Ebay showed how digital technology could supplant a functioning but small-scale and inadequate market mechanism…with a more efficient and larger-scale way of matching people who had stuff to sell with those who might be interested in buying it. In that sense, it turned out to be a forerunner of platform-based enterprises such as Uber and Airbnb which exist to make similar kinds of matches.

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