There's nothing stopping you, or any of us here, from writing another social network site. Management is the really hard thing to get right, if you want to grow to market dominance.
What? No. It’s the network effect: getting enough users early on to achieve critical mass
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What? No. It’s the network effect: getting enough users early on to achieve critical mass
If the network is managed well, they'll keep users, and grow through word of mouth...if not...it'll tank.