A platform is essentially a business model that thrives because of the participation and value added from third parties with only incremental effort from the owner of the platform.

There are days when I look at my news feed, and it seems like a social fabric of fun - a video of the first steps of my friends' baby! My nephew's prom date! On other days, it feels like a NASCAR vehicle, plastered with news stories, promoted posts, lame Live videos, and random content.

Facebook, Amazon, Apple, and Microsoft are building their own versions of the future. And they get bigger and bigger.

Om Malik Quotes