![]() Bill Gates leveraged network effects to turn Windows and Office into virtual monopolies and in the process became the wealthiest man in America. are sometimes referred to as “Metcalfe’s Law” or “Network Externalities.” But don’t let the dull names fool you-this concept is rocket fuel for technology firms. ![]() When the value of a product or service increases as its number of users expands. Network effects Also known as Metcalfe’s Law, or network externalities.
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