4 ms·

I don't fully understand what you're trying to argue here. > Meanwhile, we really need to consider the economics of companies like twitter & facebook. Does FB

I don't fully understand what you're trying to argue here. > Meanwhile, we really need to consider the economics of companies like twitter & facebook. Does FB really need 50k employees and a $70bn budget to provide the world with facebook? Are you saying that if FB had a smaller headcount or budget, they'd be less influential? A company's headcount and budget are largely a function of the market, and the market highly values FB. If you have a problem with the economics of FB, you have a problem with the market forces that created it. But you end with: > I hope we're not heading for a regulatory shitshow If you're not happy that the market created conditions for companies like FB to grow to the size that they are, and you're also not happy that regulation is possibly in the future of these companies, then how would you like to see this scenario play out?

fendy3002 6y ago
Imo the party which makes the values of FB high is the problem. It isn't just some companies that want to put advertisements for their products. The companies want to dominate the market and shut down their competitions, even to the point that our privacy start to be intrused. The best scenario is for FB to stay at early 2000 version, where our feeds full of friend's stories, games and some ads. Now it's full of media, arguably some pushes political agenda, intrusive advertising (tracking ads), and a few of friend's feed. Then imo, not all regulations are good. Because fb is a political platform, the regulation for sosmed is more likely full with political agenda too.
netcan 6y ago
To the first part, I meant that the range of possible worlds is very broad. Resources aren't a limiting factor. Facebook could continue to do facebook regardless of financial burdens placed on them. If not, someone else can. This wasn't the case for most monopolies of the past. In the past, there was a real concern of "oops. We killed smelting. No more steel." To the second part... I don't have full answers. I would like this scenario play out to a free media outcome. Decentralisation, and ideally, a lot of commercialisation too. More wikipedias, WWWs. Fewer FBs. Disintermediation. Commodification of bottlenecks like youtube has... owning the relationship between video maker and video watcher. The ideals that made the internet work in the first place. That's not something a politician can give us though. No one decided that wikipedia or WWW would win. It happened. What I want from politicians is a laundry list: (1) Trustbusting. The Facebook's acquisitions of whatsapp & IG should never have happened, for example. Youtube should be split from Google (and adwords from search... off topic). Also, modern antitrust needs to recognize the economic realities of these businesses. This isn't a railroad monopoly or Bell. There are no capital costs and there is no major danger of harming the public interest by sinking the industry. Social media will exist whether or not FB is worth $1trn. That money does not represent "capital" in the productive capacity sense, it just represents earning potential. (2) Different rules for giant companies. Rules should apply only to designated giant companies. The biggest problems are size related. Be explicitly skeptical of size. Data laws. Copyright enforcement. User content liability. Fairness requirements. etc. A normal regulator will enforce the monopolies which create the underlying problems. We need an explicitly "large company" set of rules, including tax rules. (3) Much stronger fair use and public domain rules. A complete rethinking. Eg, if a politician gives an interview... this should be public domain or under extremely strong fair use protection. This is another area where we need to consider modern economic realities. For said political interview, you could preserve most of the financial value (and incentive) with a copyright limited to one week. (4) Non-consumer rights in regards to monopolies. If facebook, youtube or amazon ban you, this is a public matter. It's more akin to blackballing than "please leave this bar." Everyone needs protections from monopolies, especially non consumers. Once companies are in that size range, they need to (5) Data use transparency laws. FB political advertising is an extreme example. Half the shit they do wouldn't stand the light of day. Some of it is borderline treason. Shine that light. Full data dumps of ads, targeting criteria, etc. Publish ad matching algorithms. Give the public access to everything the advertiser has access to... ... the list gets long.

fendy3002 6y ago

Imo the party which makes the values of FB high is the problem. It isn't just some companies that want to put advertisements for their products. The companies want to dominate the market and shut down their competitions, even to the point that our privacy start to be intrused. The best scenario is for FB to stay at early 2000 version, where our feeds full of friend's stories, games and some ads. Now it's full of media, arguably some pushes political agenda, intrusive advertising (tracking ads), and a few of friend's feed. Then imo, not all regulations are good. Because fb is a political platform, the regulation for sosmed is more likely full with political agenda too.

netcan 6y ago

To the first part, I meant that the range of possible worlds is very broad. Resources aren't a limiting factor. Facebook could continue to do facebook regardless of financial burdens placed on them. If not, someone else can. This wasn't the case for most monopolies of the past. In the past, there was a real concern of "oops. We killed smelting. No more steel." To the second part... I don't have full answers. I would like this scenario play out to a free media outcome. Decentralisation, and ideally, a lot of commercialisation too. More wikipedias, WWWs. Fewer FBs. Disintermediation. Commodification of bottlenecks like youtube has... owning the relationship between video maker and video watcher. The ideals that made the internet work in the first place. That's not something a politician can give us though. No one decided that wikipedia or WWW would win. It happened. What I want from politicians is a laundry list: (1) Trustbusting. The Facebook's acquisitions of whatsapp & IG should never have happened, for example. Youtube should be split from Google (and adwords from search... off topic). Also, modern antitrust needs to recognize the economic realities of these businesses. This isn't a railroad monopoly or Bell. There are no capital costs and there is no major danger of harming the public interest by sinking the industry. Social media will exist whether or not FB is worth $1trn. That money does not represent "capital" in the productive capacity sense, it just represents earning potential. (2) Different rules for giant companies. Rules should apply only to designated giant companies. The biggest problems are size related. Be explicitly skeptical of size. Data laws. Copyright enforcement. User content liability. Fairness requirements. etc. A normal regulator will enforce the monopolies which create the underlying problems. We need an explicitly "large company" set of rules, including tax rules. (3) Much stronger fair use and public domain rules. A complete rethinking. Eg, if a politician gives an interview... this should be public domain or under extremely strong fair use protection. This is another area where we need to consider modern economic realities. For said political interview, you could preserve most of the financial value (and incentive) with a copyright limited to one week. (4) Non-consumer rights in regards to monopolies. If facebook, youtube or amazon ban you, this is a public matter. It's more akin to blackballing than "please leave this bar." Everyone needs protections from monopolies, especially non consumers. Once companies are in that size range, they need to (5) Data use transparency laws. FB political advertising is an extreme example. Half the shit they do wouldn't stand the light of day. Some of it is borderline treason. Shine that light. Full data dumps of ads, targeting criteria, etc. Publish ad matching algorithms. Give the public access to everything the advertiser has access to... ... the list gets long.