Visualizing The World’s Tech Giants 2018HowMuch
Technology companies have a unique advantage over other businesses, and it’s called the network effect. Each new user who joins a platform adds value to everyone already on it. Facebook would be boring if you were the only one on it. Google would be useless if websites opted out of its indexing services. Amazon would lose substantial clout if 3rd party sellers refused to participate. The network effect results in a few key companies with outsized control over a market, and indeed when you look at the industries dominated by the top 50 tech giants, the network effect is . . .
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