In the Nineties, the internet was a nascent thing with an uncertain future. Economist Paul Krugman even suggested it would fizzle out.
The growth of the internet will slow drastically”, he said, “as the flaw in Metcalfe’s law – which states that the number of potential connections in a network is proportional to the square of the number of participants – becomes apparent: most people have nothing to say to each other!
“By 2005 or so, it will become clear that the…