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The concept is a common one in information technology markets. It’s referred to as “network effects.” It has long been true in the development of applications for an operating system, for example. Once an operating system is in a leadership position, everyone wants to develop apps for it. While a new operating system might emerge with superior features, it’s difficult to persuade app developers to consider it. We benefited from this phenomenon in the 1990s with Windows and then hit the barrier on the other side twenty years later, competing against the iPhone and Android with our Windows ...more
Tools and Weapons: The Promise and the Peril of the Digital Age
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