I just created a starter portfolio to get exposure to the ‘decentralized economy’. By that I mean stocks that enable individuals to sell products and services to other individuals directly. The reason such as portfolio can be interesting is twofold
It saves individuals/businesses money to directly connect to the person who is going to do the work and pay them only once for that work instead of having to pay fixed salaries.
The trend of increasing centralization (concentration of power in a few companies) has risks: censorship & de-platforming, both online and offline. These services allow individuals to de-centralize from these centralized services.
Is Teladoc decentralized, seems like it has in-house doctors that help patients. I also wonder what kind of long-term competitive advantage they have over your local doctor just using Skype or Zoom to help his clients.
Googl does indeed allow individuals to easy distribute their apps & host the backend (Play Store and GCloud respectively) and allow individuals to make money on content (Youtube). So it could be added to the list for those reasons. One negative perhaps is that Google is increasingly cracking down on dissent and that big producers have an increasing advantage over small ones.
Apple just settled one finally, which meant that they take a 15% cut from developers with revenue under £1m.
I believe the usual cut is 30%, which is huge if you think about it. With that being said, Apple and Google always have the argument that they give a level of exposure to devs, that otherwise would not be possible without there platform.
Another stock that could be of interest is ANGI, which provides a market for home improvement, that is it allows people to post jobs (e.g. electrical, plumbing, renovations) and skilled workers to bid on these jobs.
it doesn’t even matter at this point if it does or not. the news alone with shake up the listed stocks for everyone who uses that as a source of revenue. especially for those like RH where its a sizable amount.
its a pretty good direction for the market if it goes ahead.
You’re right Robin Hood doesn’t fit the criteria. The rationale was to get exposure to the growing crypto industry, which is in part driven by the “decentralized” economy (although at the moment it seems to be more like a giant online casino).