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The notion that the social network provides value on its own is … weird. Social networks are valuable because of users. They gain value by attracting large num
by etchalon 4y ago
The notion that the social network provides value on its own is … weird.
Social networks are valuable because of users. They gain value by attracting large numbers of users.
They have limited inherent value, and the majority have features which are easy enough for rivals to replicate.
- staunch 4y agoThe network is the value: https://en.wikipedia.org/wiki/Network_effect https://en.wikipedia.org/wiki/Network_effect But what matters beyond the network is how well it can be utilized by users. That layer of tools and functionality on top of the network is where Twitter could charge users. Particularly power users and businesses that can justify spending some money on it because they get so much value or even generate revenue from it.
- etchalon 4y agoTwitter was already trying this with Twitter Blue. It was not wildly successful. Certainly not successful enough to replace advertising. As for the network effect … that's the point of "the value comes from the users."
- staunch 4y agoYeah, Twitter Blue was a very lazy attempt, which proves absolutely nothing about the potential of tools and applications built on the Twitter network. It just proves a lazy attempt won't get great results, which shouldn't be surprising.