Metcalfe's Law and Its Correlation to Social Media
For those of you who aren't familiar with it, Metcalfe's Law states that "the effect of a telecommunications network is proportional to the square of the number of connected users of the system (n2)." For example, if a network has ten nodes, its inherent value is 100 (10 x 10). In other words, if I am the only person in the world who owns a telephone, that telephone is essentially useless. But as more and more people purchase telephones, the...