On Monday, my friends from World Stocksinvited me to their podcast (it’s in Spanish). The topic in question was if Threads could be capable of displacing Twitter. I generally think better when writing, so I wrote a draft on what I believed could happen until I got to a decisive point. If Threads is a copy of Twitter, it really depends on the latter’s MOAT, which is based on network effects. But how strong is Twitter’s MOAT? And what are network effects at the most fundamental level? Sualem found a fascinating article about the subject, which I’ll be summarizing here.