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Whatever is broken is an opportunity to create something better. Problems wont cause a retreat to three TV networks. It wasn't long ago that we had Myspace, Fri

Whatever is broken is an opportunity to create something better. Problems wont cause a retreat to three TV networks. It wasn't long ago that we had Myspace, Friendster, and Geocities. The next 20 years will see a fascinating evolution in this space. Nobody should think that competition is over, or that these platforms have won. These issues should feel very exciting to folks in technology.

save_ferris 8y ago
How does this mentality address the issue that Twitter and Facebook have evolved into what they are based largely on the capital incentives to grow as quickly as possible, be as opaque as possible, and gather as much consumer data as possible? Twitter still refuses to publicly state how many of its users are bots largely because it knows the financial implications for doing so. Facebook has released the bare minimum amount of information related to Russian interference, despite reports that its still ongoing. What does competition look like against these companies when the financial incentives encourage more consumer data gathering, not less?
- rayvy 8y ago
  While I agree generally with what you're saying "We're screwed indefinitely until the incentives change", I like to remind myself that IBM was once one of the most dominating companies in the world. Yea, IBM (and my parents were children during this time). All companies come and go, literally all of them. In a few decades we (i.e., our descendants) will be looking back thinking how funny it is that we (i.e., us) ever got sucked into this so viciously. I agree with the parent comment in that - Google and Facebook and the like have exposed some serious problems, that they can't fix (as they are financially incentivized not to fix them), so someone, someday will come along and eat their lunch? Who what when where and why? Your guess is as good as mine.

save_ferris 8y ago

How does this mentality address the issue that Twitter and Facebook have evolved into what they are based largely on the capital incentives to grow as quickly as possible, be as opaque as possible, and gather as much consumer data as possible? Twitter still refuses to publicly state how many of its users are bots largely because it knows the financial implications for doing so. Facebook has released the bare minimum amount of information related to Russian interference, despite reports that its still ongoing. What does competition look like against these companies when the financial incentives encourage more consumer data gathering, not less?

rayvy 8y ago
While I agree generally with what you're saying "We're screwed indefinitely until the incentives change", I like to remind myself that IBM was once one of the most dominating companies in the world. Yea, IBM (and my parents were children during this time). All companies come and go, literally all of them. In a few decades we (i.e., our descendants) will be looking back thinking how funny it is that we (i.e., us) ever got sucked into this so viciously. I agree with the parent comment in that - Google and Facebook and the like have exposed some serious problems, that they can't fix (as they are financially incentivized not to fix them), so someone, someday will come along and eat their lunch? Who what when where and why? Your guess is as good as mine.