10 lessons over 10 years & Two stocks we like
The Canadian Investor
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Unleashing the Power of Network Effects
This chapter explores the significance of network effects in technology companies, showcasing Twitter as a prime example of how strong network effects can drive user retention. It emphasizes how network effects often surpass technological advantages in the long term, warning against disrupting platforms with solid network effects. The discussion also delves into the value of optionality for management teams, using Amazon Web Services as a case study to illustrate the benefits of thinking beyond initial business models for growth and innovation.
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