on one of your questions re:old money v new money. Interesting metric to look at is views on users content vs followers. Bytdance has higher delta on these than most platforms--so actually many people get their content viewed but it doesn't accrue into their social capital on app
Another wrinkle: new money is easier for the biz dev teams to push around than old money is. If YouTube were a distribution channel for Disney cartoons the house of mouse would never let it be commoditized; but if it were mainly interchangeable kids shows produced in red ocean...
5:36 PM - 3 Mar 2019
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