Friday, October 30, 2009

Network effects or network externalities

"Network effects" of "network externalities" refers to the idea that something becomes more valuable as more and more people use it (telephones, faxes, etc.). This may be an application of the concept in the social media space ...

http://digital.venturebeat.com/2009/10/23/why-wont-location-based-networks-grow/

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