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That statement might lack nuance, but it's not wrong. Skype and Facebook only have value to me because my friends and family use them. The value to me increases
by wtracy 10y ago
That statement might lack nuance, but it's not wrong. Skype and Facebook only have value to me because my friends and family use them. The value to me increases as more friends use those platforms, and would decrease if my friends left.
- TulliusCicero 10y agoYes, but you can also get reverse network effects, e.g. young people not being active on Facebook because their parents are there (and denying a friend request would be awkward).