4 ms·
This is one of the problems with monopolies, or maybe the bigger one. Once you are dominant in one business, search/mobile/messaging, you can take over other bu
by kartan 10y ago
This is one of the problems with monopolies, or maybe the bigger one. Once you are dominant in one business, search/mobile/messaging, you can take over other business without much effort.
They are not news companies, they are not in the news business, they don't know it, and they have not done anything to be worth the trust of the public. They are just convenient because they are a monopoly in another area.
- gcb0 10y agosadly, you just described news companies. almost none of them know about news, they just happen to own the largest distribution media in some region and because of that everyone have to listen to them. add to that that traditional media (tv, radio) you are limited by government allowing you to own a frequency.
- malza 10y agoThose large media distributions didn't appear out of nowhere, they were built by entrepreneurs and communities. They slowly merged into the huge operations that exist today. That said, those publications have got so big that some have become divorced from reality... you only have to look as outlets like The Guardian and the huge losses they continue to absorb. Extreme even by industry standards.