2000-2018: The Silicon Valley Era
2000-2018: The Silicon Valley Era
The Internet boom gave birth to the emergence of several digital trust giants (historically known as Silicon Valley trust):
Google
Facebook
Amazon
Netflix
Bytedance
Tencent
Alibaba
At this stage, Internet companies and venture capitals formed close bonds that lived on developing products designed to achieve the highest profitability. They had two main business models:
1.Develop free apps→ keep increasing installations and daily active users of these apps → acquire user data for free → push services and advertisements based on user data → gain profits
2.Develop free apps→ keep increasing installations and daily active users of these apps →acquire user data for free → push new apps and services based on user data → form a trust monopoly
When looking back, we’ll find that this period essentially shaped a farmland fed by data of the whole humanity. The service network weaved covering 100% of the time of human life wrapped private individuals in cocoons.
Last updated