> This is a big topic in business school I could be wrong, but "network effects" is a recent phenomenon and business schools haven't really taught students abo

> This is a big topic in business school I could be wrong, but "network effects" is a recent phenomenon and business schools haven't really taught students about it much. Either way, we have very little history for assets that appreciate in value the more they are used. Traditionally it's been the exact opposite. In fact, this concept basically doesn't exist in finance other than translations into FCF...but depreciation does.