Worth saving not just because I’m somewhat of an IndieWeb enthusiast, but also in light of the discussion between free market fundamentalists and (more moderate) economists like Stiglitz on whether these “natural” quasi-monopolies ought to be broken up, or not.
> Facebook is trying to copy TikTok, but this strategy may well signal the end of these legacy platforms.
If there’s so much profit to be made, libertarians say, it won’t be long before more innovative competitors show up, like TikTok, and end the “monopoly.”
Wrong, the other party says (and I tend to agree). These giants can (and will) undercut (think Amazon) or simply gobble up (as Facebook did with Instagram) new players, and regulation *is* needed to create an *actually free* market.
Either way, would be cool if some of these f—kers were to implode all on their own, due to incompetence.
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