🔮 The empowered economy; GAFA smackdown; decade predictions review; peak meat, Doom & fusion++ #281

The Near Future

There is something interesting happening in the creative space, as platforms like Substack (which hosts the wondermissive) create business models for individual entrepreneurs. One example: journalists at Splinter who quit their jobs in protest at a corporate takeover launched a blog on Substack using reader subscriptions. Jomayra Herrera at Grounded calls this the ‘empowered economy’ in an interesting survey.

On a similar note, Facebook is offering TikTok users with millions of followers financial incentives to bring their craft over to Reels, the new Instagram / Facebook competitor to TikTok. TikTok has since announced a “creative fund” of $300 million to be distributed between high-profile creators. 

Here’s a mind-boggling stat from entrepreneurial economy: “OnlyFans reported daily six-figure sign-ups on its popular cam site. Etsy logged 115,000 new sellers in the first three months of the year, more than double the past two years’ user growth. Teachable, which lets p…