4min chapter

The Alchemy of Money cover image

Drew Cohen of Speedwell Research: Deep Research and Business Counterfactuals

The Alchemy of Money

CHAPTER

Social Networks

Social networks like Friendster and MySpace tried to displace Facebook. But they couldn't compete with the network effects that everyone talks about. Snapchat, for instance, is much more focused on being a closed and private social network. And you could see these other competitors trying to do what Instagram was trying to do originally.

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