Shopify is an example of a multi-sided platform because you earn money on the side. True or False?
Understand the Problem
The question is asking whether Shopify is categorized as a multi-sided platform based on its function allowing users to earn money. This requires an understanding of what constitutes a multi-sided platform.
Answer
False
The final answer is False because making money on the side is not the defining characteristic of a multi-sided platform.
Answer for screen readers
The final answer is False because making money on the side is not the defining characteristic of a multi-sided platform.
More Information
A multi-sided platform primarily refers to a business model that creates value by facilitating interactions between multiple distinct but interdependent groups.
Tips
A common mistake is confusing supplementary income with the primary functions and purpose of a multi-sided platform.
Sources
- Multisided Platform Business Model - businessmodelanalyst.com
- Multisided Platform Business Model - FourWeekMBA - fourweekmba.com
- Two-Sided Marketplace: Definition, Examples, Challenges [2024] - bitcot.com
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