Locked Out --New Platforms/No Rules
The way we interact with the world has changed. We communicate with friends and others through social networks such as Facebook. We share news and opinions instantly through Twitter, videos of our latest activity on Snapchat and pictures on Instagram. These apps help keep us connected to the world, our colleagues, friends, and family. Need a ride across town - we use Uber, need to buy some supplies, do a one-click on Amazon, how about a place to stay next month in NYC, just use Airbnb. These services make our day-to-day existence much simpler and we take them for granted. Increasingly, most of us are engaging with these privately owned platforms that are mostly unregulated. They have through their platforms disrupted traditional industries. Most offer a superior business model and then couple that with lower costs. These lower costs are often because these platforms avoid the regulatory burdens and the infrastructure of the legacy industrie...