And another observation, seems that Wang Huiwen is quite wrong with this line: "Whether Chinese or American, social networks for strangers have done poorly."
TikTok, Douyin, Kuaishou are the biggest social networks right now, surpassing Facebook and Instagram, and it focuses primarily on strangers. The takeaway is perhaps "content is king", and the issue of whether the content is from friends or strangers becomes irrelevant as long as the content can hook people.
Can you elaborate on your final thought? What do you mean exactly with "management is anti-network-effects"?
And another observation, seems that Wang Huiwen is quite wrong with this line: "Whether Chinese or American, social networks for strangers have done poorly."
TikTok, Douyin, Kuaishou are the biggest social networks right now, surpassing Facebook and Instagram, and it focuses primarily on strangers. The takeaway is perhaps "content is king", and the issue of whether the content is from friends or strangers becomes irrelevant as long as the content can hook people.