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Consumer's can't solve this from the ground up. What's needed is to prevent certain kinds of key acquisitions. The law around acquisitions is too permissive in
by platz 9y ago
Consumer's can't solve this from the ground up.
What's needed is to prevent certain kinds of key acquisitions.
The law around acquisitions is too permissive in an age of network effects; acquisition laws were fine pre-internet but don't solve their intended purpose anymore.
Normally, the market corrects against the biggest players because the biggest players are slow to change culture and their business.
But, acquisitions are the mechanism by which the big players are preventing themselves from being disrupted by smaller, more nimble players.
If the big players can simply buy up any new comers (who will want a deserved pay-out for their efforts) on the scene, they maintain complete control regardless of what consumers want.
Otherwise, any "alternative practices" you try to foster will simply be crushed, if they ever become a large enough threat.
Facebook acquiring Instagram is a perfect example.