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Originally Posted by disconnected
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Interesting article - here is the last two paragraph, which I suspect is why you posted it
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“People say, ‘I’m a user of Facebook,’ but in reality what you are is a supplier to Facebook,” Mr. Gans said. “They give you in-kind services and then use the fact that you’re there to sell their actual product to advertisers.”
But Internet users don’t tend to think of it that way, as Mr. Tirole and Mr. Rochet wrote in a 2005 paper, “Two-Sided Markets: A Progress Report”: “In contrast with the buyer of a razor, who internalizes the impact of his purchase on the demand and surplus attached to razor blades, our end-users do not internalize the impact of their purchase on the other side of the market.”
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Thanks for posting. It was well worth reading.