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Twitter and FB could be replaced quickly, because their technology is not their primary asset. Their primary asset is their hundreds of millions of users who ar
by SiVal 6y ago
Twitter and FB could be replaced quickly, because their technology is not their primary asset. Their primary asset is their hundreds of millions of users who are there mainly because of the other hundreds of millions of users.
Not surprisingly, network effects are pervasive on the network, and with everything moving to the network, network effects will dominate almost everything unless something is done to deal explicitly with network-effect-based monopolies. Just imagine email if you couldn't email anyone who didn't have an email address at the same company you have yours. Almost all email would begin to consolidate in the winning company, which would then begin telling people what could and couldn't be said in email. They could cut you off from email and destroy businesses for violating whatever "terms of service" they felt like imposing or even accidentally. Too bad for you.
I think the answer to network-effects monopolies is to force them to switch to an open protocol once they crossed a threshold of a certain number of users. They could then continue to offer services, but other companies and agencies could also put you on "the network". Companies could stay small and retain full control or grow and be forced to open so their competitors and users couldn't be locked out (or in).
- deleted 6y ago[deleted]
- smt88 6y agoIt is not easy to run the infrastructure for a Facebook clone, even with 10M users. Technology is absolutely part of their entrenchment.
- thephyber 6y agoPart, yes. But not a majority. I worked at a large social media company (not large by modern tier 1 social media network standards). We handled well over 10M users, but the company is dying / died. The technology still works, but the mindshare was lost and users jump ship faster when the network effect stops being an asset.