Final answer:
Platform businesses have advantages over pipeline businesses including unlocking new sources of value and supply, scaling efficiently without gatekeepers, and benefiting from community feedback to drive innovation.
Step-by-step explanation:
The advantages of platform businesses compared to pipeline businesses include a few key points. Platform businesses are known for unlocking new sources of value creation and supply, which allows for a diverse and often a more innovative offering.
They also scale efficiently by leveraging network effects rather than linear growth models which helps in eliminating the need for gatekeepers that can slow down or add cost to scaling processes. Furthermore, platform businesses often thrive on community feedback, which can drive improvements and innovation at a much faster rate compared to traditional businesses.