Reimagining Real Estate

The intelligence platform for real estate innovation.

Great insights on the rise of platforms…

Platforms, platforms, platforms. They are impacting how we consume content in so many aspects of our life. I am personally fascinated by the rise of platforms. So much so that I have spent the past few years building my own platform for the real estate industry.

Here are some insights from a well regarded expert in the field....

Online Media Is Tested When Social Platforms Come to Town

Online media is being abruptly transformed by social media platforms and centralizing apps. But Andrei Hagiu, an economist, sees familiar patterns.

I don’t think it’s true that transitioning from independence to life on a platform necessarily has to make things worse. One thing that I think a lot about — in conversations with venture capitalists and others — is the notion that platforms or marketplaces inherently commoditize. I think more likely what’s happening is the following: I think platforms, or marketplaces, make it a lot easier for, say, the content providers or app developers that are very, very good to rise to the top, and pretty much commoditize everyone else. So if you’re average, it’s definitely going to be very bad. Life is going to be worse on a platform, because you’re exposed to more competition. If you’re very good, life on a platform is a lot better.

- Andrei Hagiu

READ MORE HERE

Join the Community

Join the CREtech Community to subscribe to the real estate tech industry's leading email newsletter, Briefs, to get 10 top headlines delivered to your inbox daily.


or if you're already a member

Login

Register to attend Europe's largest PropTech Event, CREtech London, May 10-11, 2023

X