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    >Is Facebook any different?
Network effect, and not much else. They have the userbase to persuade businesses to give better deals than 4sq or Gowalla, and that will in turn entice users to use it.


So Facebook's business model is paying people to use it? OK. Can I sell my shares now?


Facebook doesn't have to pay anyone for that to work. Same model as Foursquare, with a userbase orders of magnitude larger




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