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Remember, though, social media giants are monopolists and it's impossible to compete against them.
by lbarrow 5y ago
Remember, though, social media giants are monopolists and it's impossible to compete against them.
- bitlax 5y agoYou just have to be the Chinese government?
- bun_at_work 5y agoThis isn't really small startups competing, though. It's a state sponsored/backed entity with more goals than just disrupting the market.
- paxys 5y agoHow is TikTok state sponsored?
- justapassenger 5y agoUnless you say that Chinese government is forcing appstores to fake numbers, then it's not relevant. Products with great market fit can get infinite amount of money from VC and other investors.
- forgetfulness 5y agoYou must surely see the parallels between the US Government agencies' interest on even small email providers, the US Government threatening to prohibit TikTok on the grounds of doing the same as several near-monopolies based on US soil do all over the world but in TikTok's case being Chinese, and what you're saying? That the US Govt can just reap without sowing as the Chinese Govt does through state-run banks is just a convenience.
- sosborn 5y agoEvery social media entity took its position from an entrenched giant.
- cthor 5y agoThe main antitrust complaint against social media giants is that competitors are either acquired or bullied out of the market. The only reason this hasn't happened with TikTok is it's based in China.
- megaman821 5y agoThese social media companies are so young, and most of them had to topple the previously largest company in their space to obtain their position now. I think with a little time that the social media giants will start bleeding market share, any monopoly regulation will be wildly out of touch by the time it makes it through the courts.