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There're many movie theaters, but only one youtube in the whole world. Youtube and facebook are natural monopolies due to their network effect. All the older
by Const-me 5y ago
There're many movie theaters, but only one youtube in the whole world.
Youtube and facebook are natural monopolies due to their network effect.
All the older natural monopolies, water networks, electricity networks, landline phone networks, railroad networks, and the rest of them are either nationalized, or regulated heavily.
It's long overdue to add social networks to the list.
- anigbrowl 5y agoThere's only one YouTube, but lots of video sharing sites. You can put your material on Bitchute, Vimeo, ....
- Const-me 5y agoYoutube's monopoly is not video hosting, there're many ways to do that. Their monopoly is their social network. People want to publish video where the audience is, the global audience happen to be on youtube, and going to stay there because that's where most videos are.