1) In the old days, people got rich and worked less. Now, they get rich and work more.
2) Video games are the only entertainment medium improving at the speed of Moore's Law. — @GavinSBaker
3) TikTok is like a global game of American Idol.
Big takeaway: Compared to other social media platforms, the percentage of consumers on TikTok who are also creators is much higher.
acquired.fm/episodes/tiktok
But now, children grow up thinking they can produce things for the entire world.
A huge shift in human consciousness.
perell.com/blog/what-the-…
∙ Facebook will struggle to replicate its algorithm
∙ Global reach means strong, status-related network effects
Bearish case on TikTok:
∙ Limited friend graph
∙ Very ephemeral content
∙ Platforms for young people are historically fickle