Rising Tide Rents and Robber Baron Rents
O'Reilly on Data
APRIL 23, 2024
But in 2013 and 2014, it remained stuck at 83% , and while in the ten years since, it has reached 95% , it had become clear that the easy money that came from acquiring more users was ending. It’s unclear whether this was a lack of imagination or a kind of “ strategy tax.” The market was maturing. By the end of 2012, it was up to 82%.
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