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Last week, CNN reported that Facebook and Instagram are shutting down all peer to peer sales of alcohol. This wasn’t a joke. In the span of 72 hours, all of the major bourbon groups were wiped out. The secondary market is synonymous with Facebook. The growth of bourbon’s popularity can be attributed to it as well by those that are in it to flip bottles. Owen Powell didn’t create the first group to buy, sell, and trade bourbon, but he certainly created the largest. The Bourbon Secondary Market group is no longer around on Facebook, but the story of how it was built, the ways discussions were moderated, and how it served as a data gold mine for valuations is told. We uncover the progression of the group from a few hundred members to reaching over 50,000, what leads to certain distilleries being banned on a black market, and if the secondary market will actually end if Facebook groups cease to exist.
Show Notes:
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By Bourbon Pursuit4.8
887887 ratings
Last week, CNN reported that Facebook and Instagram are shutting down all peer to peer sales of alcohol. This wasn’t a joke. In the span of 72 hours, all of the major bourbon groups were wiped out. The secondary market is synonymous with Facebook. The growth of bourbon’s popularity can be attributed to it as well by those that are in it to flip bottles. Owen Powell didn’t create the first group to buy, sell, and trade bourbon, but he certainly created the largest. The Bourbon Secondary Market group is no longer around on Facebook, but the story of how it was built, the ways discussions were moderated, and how it served as a data gold mine for valuations is told. We uncover the progression of the group from a few hundred members to reaching over 50,000, what leads to certain distilleries being banned on a black market, and if the secondary market will actually end if Facebook groups cease to exist.
Show Notes:
Learn more about your ad choices. Visit megaphone.fm/adchoices

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