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2min chapter
Beware of Platform Risk - How PeerStreet, a Real Estate Crowdfunding Firm, Went Bankrupt
Money For the Rest of Us
Introduction
In finance and business, a platform is an online space where users transact business or exchange information. In 2022, independent sellers on Amazon's platform made up 60% of sales, selling 4.1 billion goods that year. Martin Kenny and John Seisman are two academics who came up with the term 'platform economy' They say digital platforms are becoming dominant economic and social intermediaries.
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