platform businesses

Platform businesses are companies that create digital spaces or systems connecting different groups, such as buyers and sellers, service providers and customers, or content creators and audiences. They facilitate interactions and transactions without owning the goods or services directly. Examples include marketplaces like Amazon and Uber, social media platforms like Facebook, or app stores like Apple's App Store. These platforms generate revenue by charging fees, commissions, or advertising, and their value comes from efficiently matching supply and demand, fostering network effects where more users attract even more users, creating a scalable and often innovative business model.