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What Can We Learn from Barnes & Noble's Surprising Turnaround?

tedgioia.substack.com · 2,169 words · saved by 6 readers

Digital platforms are struggling, meanwhile a 136-year-old book retailer is growing again. But why?

I’ve written too many negative stories about digital media platforms in recent months. I’ve started to worry. Am I turning into Dr. Doom and Mr. Gloom? In all fairness, my predictions have proven sadly accurate. After I served up these dismal forecasts for Facebook, Spotify, Netflix, and others, their share prices took a steep dive. I’m not sure that’s a good thing—I’d like to see digital media improve and flourish. When they falter, we all pay a price. But each of these companies is now suffering for a good reason. Their dominance led to arrogance, and they decided to impose all sorts of…

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