Comment by charcircuit
8 months ago
Nostalgia changes how people perceive value. Network effects is about how exponential value can be gained from linear user growth. Boiling the frog us about slowly doing things to avoid changing how people perceive value. None of these are a sign a product has no value.
No one would advertise with Facebook if there was no value from purchasing ad space. The billions of dollars people spend is evidence there is value there for advertisers.
>will not take the time to migrate
Sure, people don't actively seek to maximize the value they receive, but that doesn't mean what they are currently getting value from doesn't have value.
> None of these are a sign a product has no value.
You described the majority of those as being about the perception of value rather than value.
>No one would advertise with Facebook if there was no value from purchasing ad space. The billions of dollars people spend is evidence there is value there for advertisers
No one is disputing that the advertisers are getting value. The pursuit of advertiser value at the expense of users is the complaint.
>You described the majority of those as being about the perception of value rather than value.
Which is why they weren't useful to bring up.
No, the difference between value and perceived value was pretty much their point.
2 replies →
> Network effects is about how exponential value can be gained from linear user growth
network effects is the momentum that keeps everyone from stopping the use of the service/product. it takes too much energy to stop, so people just keep using. it also helps there's nothing to replace. any fledgling service that might offer an alternative just gets bought up by the service.