Re:Things Many People Find Too Obvious to Have Told You Already
by chubot on Friday December 01, 2017 @06:28PM
(#15828705)
Yes I agree the original post oversimplified it.
Re:Things Many People Find Too Obvious to Have Told You Already
by mrep on Sunday December 03, 2017 @03:45AM
(#15836686)
network effects: a phenomenon whereby a product or service gains additional value as more people use it.
How does google search get better from more people using it?
Re:Things Many People Find Too Obvious to Have Told You Already
by chubot on Sunday December 03, 2017 @08:02PM
(#15840708)
To be brief, more data (generated by clicks and queries) leads to better ranking. Better ranking attracts more users. Starting a search engine from scratch without any user data is a big disadvantage.
Basically, you're benefitting from other people who are searching for the same thing as you on the same search engine. (I'm sure that's not the only network effect, but it's one of them.)
Well, first of all, this isn't true. Google and FB aren't so profitable because of a distribution monopoly. They're profitable due to network effects.