Explainer: Nigeria’s ride-hailing graveyard and the network effect
About 2,500 ride-sharing apps have launched over the past decade. This trend of failure has been attributed to low funding. But that view is simplistic. The critical challenge is the punishing economics of creating what truly matters in a platform business: the network effect.
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Explainer: Nigeria’s ride-hailing graveyard and the network effect
About 2,500 ride-sharing apps have launched over the past decade. This trend of failure has been attributed to low funding. But that view is simplistic. The critical challenge is the punishing economics of creating what truly matters in a platform business: the network effect.
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