Wendy Chiang's Profile
Thanks for writing this. I enjoyed reading the passage a lot. Cornershop seems to have a promising future and the problem it is solving is surely a pain for a lot people including me. One concern I have is that since it is acquired by Walmart, it may affect its partnership with other shops who regard Walmart as a competitor.
It’s really nice to read the blog since I did not even know Plaid before reading this. Similar to the question raised in previous comments, I am interested in how Plaid tackled with the “chicken-and-egg problem”. Is it because Plaid does not need to link customers and banks on the platform given a customer is already a bank user? Also, I am curious about how Plaid makes money. It does not look like a profitable business from current setting.
Indeed, this is definitely the critical problem that TikTok needs to deal with. Here are two thoughts that I think TikTok may lean toward in the future. First, TikTok may include a larger age groups by its nature. As some studies (https://walkthechat.com/douyin-became-chinas-top-short-video-app-500-days/) has shown, though TikTok started from younger people, its user ages have actually evolved to include older people. I went on TikTok for this post for two days and did see some older people (age over 30) posing funny videos that went viral on the platform. Second, TikTok can produce other entertaining social networking apps given its huge user base and rich user data. People can migrate from TikTok as they grow older. Finally, I agree with your to capitalize now for short-term revenue and I think that is what TikTok is currently doing.