3 ms·
It's the 1% fallacy. "Surely we can steal 1% of the search market, Google will never have 100%. Just one percent of Google's profits is seventeen hojillibillion
by nikanj 6y ago
It's the 1% fallacy. "Surely we can steal 1% of the search market, Google will never have 100%. Just one percent of Google's profits is seventeen hojillibillion dollars per quarter. Makes perfect sense to put in $40 million to grab that market share"
See also everyone starting their own Facebook competitor back in the day.
- SahAssar 6y agoThe network effects of search are weaker than in social media though.
- spiderfarmer 6y agoI'm still profitable with a niche Facebook will never go after. Why reach for the stars when there's fruit in the trees?
- llaolleh 6y agoNetwork effect is strong, but we've overestimated the stickiness of Facebook. Have you been on it recently? It's effectively a ghost town. The most people use it for is for messenger.