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I'm kinda suspicious of how it's used here, too. What exactly is the "price" that consumers pay when they use Facebook? Their time? Their generation of content?
by trendia 10y ago
I'm kinda suspicious of how it's used here, too. What exactly is the "price" that consumers pay when they use Facebook? Their time? Their generation of content?
What exactly is the product that's offered? Connections to their friends? News articles?
It seems that Facebook simultaneously acts as a supplier (of connections to people / news) and a consumer (of connections to people / news).
So, it's not really clear what the 'price' and 'quantity' axes really represent in reality.
- marcosdumay 10y agoThe article is exactly about this.
- trendia 10y agoThe article talks a lot about how the price changes, but doesn't explicitly say what the price represents.
- marcosdumay 10y agoIt's quite literal about price for advertisers, and not so literal on revenue sharing for publishers. It explains what it is talking about both times, and also explains that talking about price for readers is nonsense.
- r00fus 10y agonot Time but Attention and their capacity to consume, disseminate and promote ads. Your complaint would probably also apply equally well to Google as both are tech ad networks at their financial core.