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Modern Monopolies: What It Takes to Dominate the 21st Century Economy
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Modern Monopolies: What It Takes to Dominate the 21st Century Economy

4.10  ·  Rating details ·  474 ratings  ·  49 reviews
What do Google, Snapchat, Tinder, Amazon, and Uber have in common, besides soaring market share? They're platforms - a new business model that has quietly become the only game in town, creating vast fortunes for its founders while dominating everyone's daily life. A platform, by definition, creates value by facilitating an exchange between two or more interdependent ...more
Hardcover, 272 pages
Published May 31st 2016 by St. Martin's Press
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Mirek Kukla
Sep 24, 2016 rated it liked it
Shelves: business
"Modern Monopolies" is a fascinating look at the modern platform, a business model made possible by technology and embodied by companies radically different than any we’ve seen in the past. And while "platform" is surely a buzzword, "Modern Monopolies" argues that the underlying business model is anything but. Though the book is overstuffed with contemporary case studies and has the same consultant-ey tone that plagues the modern business aisle, it’s unusually relevant and surprisingly ...more
Aria
Jun 30, 2016 rated it did not like it
Shelves: dnf
I highly suspect the stellar reviews for this book to be planted. It was sadly a waste of paper.
Chelsea Lawson
Apr 17, 2018 rated it liked it
Torn between 3 and 4 stars. The book made persuasive arguments for what the future holds and I now see opportunities for platform businesses everywhere.

Some notes and quotes:
- The new business model is the platform: a business that connects two or more mutually dependent groups in a way that benefits all sides
- Platforms build ecosystems; products don’t
- Getting the core transaction right is the most important piece of platform design, as the platform will need its users to repeat this process
...more
Lorilin
Jun 16, 2016 rated it really liked it
Shelves: arc, business
I didn't know a whole lot (read: anything) about the platform business model before reading this book. But I sure do now. Wow.

The main premise of the book is that platforms are currently the best way to organize companies, and author Moazed spends a lot of time describing how they work. Basically, platforms--like eBay, Amazon, Facebook, iTunes, SnapChat, etc.--move beyond the the linear business model (where products move through suppliers, manufacturers, distributors, and THEN customers) and
...more
Karel Baloun
Mar 07, 2018 rated it really liked it
High score for “overall correctness” since the authors clearly do understand both Platforms and modern businesses. Yet blatantly written mostly to promote their expertise and consulting business...

Interesting stories throughout, though many are already well known, and the authors do indeed wait for clear hindsight to ensure they are correct. Piling on Blackberry or Nokia doesn’t win novelty points. Also, any references to China/Asia are shallow, and only afterthoughts.

While their overall thesis
...more
David Nickelson
May 15, 2019 rated it really liked it
No matter what industry you work in, understanding the "platform" business model and how it has and will continue to affect your business (or your client's business) is critical. The authors do a good job explaining the concept, backing their idea with solid case studies and other research, and effectively demonstrate that this new model will continue to replace the linear "value-chain" business model that dominated the last century and whose legacy still continues to cloud the thinking of many ...more
Darren
Jul 04, 2016 rated it it was amazing
Do you consider present-day Internet giants such as Amazon, Google and Tinder as a monopoly? If not, maybe you should think again, as these companies are working to become the dominant supplier in their sector, or sectors. Yet in a very short time they have managed to make a very, very definitive mark in the process.

The authors have made a fascinating, powerful book that looks at how these companies have managed to get firmly established in our daily lives, considering how they are positioning
...more
Charles Ray
Nov 05, 2016 rated it really liked it
For most Americans the term monopoly is viewed negatively, but, according to Alex Moazed and Nicholas L. Johnson, CEO and Head of Platform at Applico, a platform application development company, thanks to the Internet, platforms like PayPal, Uber, Google, and Apple are now dominating the marketplace. They are, the authors contend, monopolies that are not so slowly displacing traditional companies in providing a broad range of services and products to consumers in ways that traditionally ...more
Alexander
May 24, 2018 rated it really liked it
Shelves: reviewed, 2018
4.25, rounded down. This book was far better than I expected and really, better than it has any business being. It's a debut book from a young CEO and a co-author from his company, and it's pretty transparently aimed at marketing his company, Applico.

With the above out of the way, it's a cogent, accessible, and fundamentally useful exploration of platform companies (think Facebook, Amazon, and Uber) and their role in our economy. The authors create a useful framework for understanding different
...more
Valentin
May 28, 2017 rated it really liked it
Shelves: business
If you are interested in platform design and mechanics i would first recommend "Platforms Revolutions", much better structured and addresses the topic from all possible angles. "Modern monopolies" adds a few interesting insights, I think it goes more in depth coparing "Platform businesses" with "Pipeline businesses". I also enjoyed more the aproach regarding Core Interaction / Transaction.

Expect more than 40-50% of the content to be repetitive between these two books (Uber and AirBnB often used
...more
John Blackman
Sep 02, 2018 rated it really liked it
This book is a summary of how tech businesses, in particular platforms have risen to where they are today and what the future holds for new and evolving platforms.

When I say platform, I mean any network typically software and server hosted by nature that connects producers to consumers. Think linkedin (job seekers, employers), facebook (producers to consumers), apple (app developers to app consumers), and Uber (drivers to commuters) to name just a few. The rise of networks have changed the
...more
Abdul Abdihalim
Jul 07, 2018 rated it liked it
Modern Monopolies takes on the task of explaining the new business model that has taken the world by storm; The Platform business model. The book provides good insight on what it takes for a business to succeed in the 21st-century economy. The book, in my opinion, is broken down into 3 sections. Past, Present, Future. The first couple of chapters look at the past. By analysing past successful businesses that are now just a memory, the author Alex Mozaed explains why and how these companies ...more
Amarjeet Kumar
Feb 20, 2018 rated it did not like it
I find high rating for this book very very surprising. The core aurgument of this book does not make sense to me. Look at this statement from the author "Platform business models are far more cost-effective and higher scale than the old, linear models they are replacing". Really? Platform business is just a distribution layer on old linear models. They are not replacing it. Just like supply chain innovations few years back, this is the ear of innovation in distribution. I could not finish the ...more
Kumar
Jun 04, 2017 rated it really liked it
Shelves: business
Excellent text on the platform business model. It might go a bit far in justifying that the nature of most successful business models in the future are going to be platforms. However, it describes the strategy for building and sustaining a platform very effectivity. The ideas of focusing on a core transaction and the role of a platform in audience building, matchmaking, providing core tools and services and creating standards/curation provide an excellent framework for a successful platform ...more
Trung Nguyen Dang
Jan 24, 2018 rated it really liked it
Great read overall.
I actually found the first couple of chapters too basic and it was a pain/drag to read. The second chapter wasn't interesting as it was about economic theory and history. The last 2-3 chapters (7-8) are the best as it went in-depth into the platform companies, why and how some succeeded and other failed, as well as how to spot the next successful platform business.
5 stars for the last few chapters, but deduct one star for the slow and uninteresting beginning.
Santosh Shetty
Nov 10, 2019 rated it liked it
Great read. The book should be titled Platform Monopolies. Some of the negatives are the book is solely focused on platform drive companies as the only model that’s going to survive or at least that what I thought. Also with some of the examples it was hugely repetitive and cherry picking examples exhibiting a survivorship and confirmation bias to make the case. Overall it’s a great read I wish the authors who are clearly very talented to provide more emphasis on breadth
Mikedariano
Jul 11, 2017 rated it really liked it  ·  review of another edition
Exactly what you think it is.

A good book for anyone wanting to think more about (supply or demand side) network effects.
Big idea; platforms are a potentially new form of business domination but like a flower, they'll only be so grand with the right conditions.
Emiliano
Aug 14, 2018 rated it it was amazing
Great book on the economics of the digital age, written by someone who owns an app development company in Canada and has helped build a lot of these businesses. Highly recommended.
Cesar
Oct 21, 2018 rated it really liked it
Excellent book to understand modern monopolies and platforms.
Pirkko
Sep 23, 2019 rated it it was amazing
Very concrete and easy to follow. I now understand our business model way better.
Nhat Minh
Dec 05, 2019 rated it really liked it
Nice writting. Easy to catch uo
Jos van der westhuizen
Sep 30, 2019 rated it it was amazing
Excellent resource of case studies on the stories, business models, and ingenious business hacks for some of the biggest companies in 2019.
Jarkko Moilanen
May 25, 2019 rated it it was amazing
Easy to read, well written, brutal and honest book about platform economy
BLACK CAT
May 12, 2018 rated it really liked it
Modern monopoly = platform business model. The book will also discuss the elements that form platforms and examples.
Heikki Keskiväli
Jan 25, 2020 rated it really liked it
Easy to follow, quite generic overall storyline but good narratives and actionable tips.
Jason Orthman
Jul 17, 2017 rated it liked it
Good summary of platform businesses, including those that have failed to sustain growth.
Rei
May 12, 2018 rated it really liked it
First half good. Economic theories are not reliable, but helps understand platform generally very well.
VJ
Feb 26, 2020 rated it it was ok
Good book for someone who wants to understand about Platforms. I would rate the Platform Revolution and Platform Scale as better books on this topic.
Brijesh
Dec 27, 2018 rated it liked it
Nice one
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