AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Power of Network Effects
Sir David says people are selectively oblivious to the power of network effect monopolies. If you or i wanted to create our own twitter clone, it would be very, very hard because nobody else would be on it. And so knowing that if a new user wants to join that they wouldn't see any value in joining that service u there's nobody else on it. So you have this huge chicken and egg problem. This is why these social networks are so powerful, is that they've got these huge network effects based on the fact that everybodyis ready on them.