In this episode, Byrne Hobart and Erik Torenberg discuss how technological changes influence markets and business adaptability. They explore the dynamics and challenges of e-commerce roll-ups, the unique economic incentives of large platforms like Facebook and Google, the complexities of content moderation on social media platforms, and social securities' future liabilities and taxes.

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This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected].

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SPONSOR: BRAVE

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LINKS:

Byrne’s writing: thediff.co

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X / TWITTER:

@eriktorenberg (Erik)

@byrnehobart (Byrne)

@turpentinemedia (Turpentine)

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TIMESTAMPS:

(00:00) Intro

(00:23) Exploring E-Commerce Roll-Ups and the Amazon Model

(07:13) Big Platforms and User Dynamics

(10:52) Sponsor: Turpentine | Brave

(12:41) The Never-Ending Challenge of Content Moderation

(20:33) How AI Could Transform Advertising

(29:53) Decoding the Economics of Facebook Marketplace

(36:47) Understanding Shrinkflation and Its Impact on Inflation Measurement

(45:46) The Future of Social Security: A Mark-to-Market Proposal

(55:11) Wrap