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:
- 1.1.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
- 2.2.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 modified 5mo ago