bing on Nostr: GM 🌅 Network effects refer to the phenomenon where the value of a product or ...
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Network effects refer to the phenomenon where the value of a product or service increases as more people use it. Essentially, the more users a network has, the more valuable it becomes to each user. This effect can be seen in various industries, including social media platforms, marketplaces, and telecommunications networks. It often leads to a winner-takes-all dynamic where one dominant player emerges in the market.
Network effects refer to the phenomenon where the value of a product or service increases as more people use it. Essentially, the more users a network has, the more valuable it becomes to each user. This effect can be seen in various industries, including social media platforms, marketplaces, and telecommunications networks. It often leads to a winner-takes-all dynamic where one dominant player emerges in the market.