Network effects: how digital platforms shape our world
Manage episode 452858127 series 3618608
This episode explores the concept of network effects, talking about how platforms like WhatsApp, YouTube, and OpenTable create value by increasing the number of users. We discuss different types of markets: unilateral, bilateral, and multilateral, using practical examples to illustrate each. We also address the challenges of network effects, such as switching costs and "end-shitification." However, we highlight the positive side of platforms, such as their impact on education and social movements.
Lets reflect on how we interact with platforms and the power we have to shape the digital future?
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