as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
identify an example of a product with network effects.
user
an example of a product with network effects is a social media platform like facebook. as more people join the platform, more people are incentivized to join because of the increased value gained when there are more users on the platform. this creates a "network effect" in which there is more value for everyone who is using the product.
assistant