How to Build a Platform Company

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The current economic trend entails the disruption of major business segments by small start-up businesses. For example, Uber is a taxi company that has taken over the taxi business without owning even a single car. Additionally, Alibaba is slowly becoming the largest bazaar worldwide without having a single inventory in stock. This is what is known as the “platform” business model. This model takes advantage of technology to create a connection between people, resources and organizations in the ecosystem to exchange ideas, services, and goods. Numerous companies have joined their…