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The latest blog post by @dfern.eth explores how social media has shifted from feature-based differentiation to a landscape dominated by network effects. It highlights examples like Instagram Reels outperforming TikTok despite being conceptually similar due to their massive user base. The post emphasizes that innovation alone no longer guarantees success; platforms must find ways to leverage existing social connections or target gaps in the market. The era of easy feature imitation strengthens the dominance of established networks, altering everything for new platforms and investors.
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