ACTIVE USERS are EVERYTHING.
User growth is the intersection of branding + marketing + product development + execution. $fb $twtr
Monetization is an ELECTIVE STRATEGY that can be chosen later. $amzn
Active Users > Monetization
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A monopoly is MAX ACTIVE USERS. Max Active Users is the MOST MEANINGFUL game theoretical objective. Profit is a byproduct of control, NOT an objective. Control > Profit
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Yes, the only meaningful definition of belief is a bet.
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AKA skin in the game
@nntaleb
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