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4min chapter
122: Twitter to X, Oppenheimer vs. Barbie and Messi/Mbappe
Not Investment Advice
The Value of the Network Effect
The value of the network is just orders of magnitude more important than being able to clone the product. It's like a synthetic version of something that you spend all your time in and then someone makes a clone of it full of different people. Changing a logo on a whim and usage probably going up is not replicating the things that are valuable about that network. The beauty of this I guess is with every change comes a huge amount of attention, either criticizing it or supporting it.
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