In this episode, Byrne Hobart and Erik Torenberg discuss how technological changes influence markets and business adaptability. They explore the dynamics and challenges of e-commerce roll-ups, the unique economic incentives of large platforms like Facebook and Google, the complexities of content moderation on social media platforms, and social securities' future liabilities and taxes. --- This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected]. --- SPONSOR: BRAVE Get first-party targeting with Brave's private ad platform: cookieless and future proof ad formats for all your business needs. Performance meets privacy. Head to https://brave.com/brave-ads/ and mention “MoZ” when signing up for a 25% discount on your first campaign. --- LINKS: Byrne’s writing: thediff.co --- X / TWITTER: @eriktorenberg (Erik) @byrnehobart (Byrne) @turpentinemedia (Turpentine) --- TIMESTAMPS: (00:00) Intro (00:23) Exploring E-Commerce Roll-Ups and the Amazon Model (07:13) Big Platforms and User Dynamics (10:52) Sponsor: Turpentine | Brave (12:41) The Never-Ending Challenge of Content Moderation (20:33) How AI Could Transform Advertising (29:53) Decoding the Economics of Facebook Marketplace (36:47) Understanding Shrinkflation and Its Impact on Inflation Measurement (45:46) The Future of Social Security: A Mark-to-Market Proposal (55:11) Wrap