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As someone who's been involved in developing financial exchanges this concept is bizarre. There is regulation and participant agreements that would prevent NYSE

As someone who's been involved in developing financial exchanges this concept is bizarre. There is regulation and participant agreements that would prevent NYSE for example from running its own market making firm and abusing it's position as exchange to benefit over other participants for profit, if it did this others would leave and the exchange would eventually die.

btown 5y ago
Not only is adtech virtually unregulated compared to financial exchanges, it's also immensely more fragmented, and ad networks like Google AdSense are tremendously sticky once they've been exclusively integrated on the long tail of millions of publisher sites. See https://lumapartners.com/content/lumascapes/display-ad-tech-lumascape/ https://lumapartners.com/content/lumascapes/display-ad-tech-... for all the parties involved. There's a lot less transparency for all parties involved (see the work of , and arguably some version of an SEC for adtech is long overdue. If ad exchanges were operated with the transparency of broker-dealers, initiatives like https://checkmyads.org/ https://checkmyads.org/ wouldn't need to exist.
oblio 5y ago
Small and medium vendors can't abandon Amazon. And with enough of them you create the largest marketplace on the planet.
thow-01187 5y ago
The notion of: "it's a little bit like X, a little bit like Y - but it's neither X nor Y, therefore we it's a wild-west anarchy without any rules or regulations" - this is such a glaring loophole in our legal system that it must be intentional. Derivatives bubble, ad-tech, gig-work, crypto-mania, AirBnB, and many other socially-parasitic enterprises exist solely because our legal code is missing "try-catch-finally" clauses
- Nasrudith 5y ago
  It is intentional - the legal system defaults to absolute freedom in absense of laws. Besides have you seen how goddamn inept just rulemaking is when done based upon the old standards which have nothing to do with the advantages and limitations of the new medium? Look at attempts to prelegislate things which do not really exist yet and you get utter embarrassments of law at best and at worst hamstring your nation by laws which assume that a TI graphing calculator has the potential to go rogue and start deliberately killing people.
- irq-1 5y ago
  They didn't have any trouble during the drug war when new variations were made because they weren't illegal -- the government made all variants illegal and continued on. That's what they do when they care. When they don't care they pretend there's nothing they can do. https://en.wikipedia.org/wiki/Federal_Analogue_Act https://en.wikipedia.org/wiki/Federal_Analogue_Act > ...any chemical "substantially similar" to a controlled substance listed in Schedule I or II to be treated as if it were listed in Schedule I

btown 5y ago

Not only is adtech virtually unregulated compared to financial exchanges, it's also immensely more fragmented, and ad networks like Google AdSense are tremendously sticky once they've been exclusively integrated on the long tail of millions of publisher sites. See https://lumapartners.com/content/lumascapes/display-ad-tech-lumascape/ https://lumapartners.com/content/lumascapes/display-ad-tech-... for all the parties involved. There's a lot less transparency for all parties involved (see the work of , and arguably some version of an SEC for adtech is long overdue. If ad exchanges were operated with the transparency of broker-dealers, initiatives like https://checkmyads.org/ https://checkmyads.org/ wouldn't need to exist.

oblio 5y ago

Small and medium vendors can't abandon Amazon. And with enough of them you create the largest marketplace on the planet.

thow-01187 5y ago

The notion of: "it's a little bit like X, a little bit like Y - but it's neither X nor Y, therefore we it's a wild-west anarchy without any rules or regulations" - this is such a glaring loophole in our legal system that it must be intentional. Derivatives bubble, ad-tech, gig-work, crypto-mania, AirBnB, and many other socially-parasitic enterprises exist solely because our legal code is missing "try-catch-finally" clauses

Nasrudith 5y ago
It is intentional - the legal system defaults to absolute freedom in absense of laws. Besides have you seen how goddamn inept just rulemaking is when done based upon the old standards which have nothing to do with the advantages and limitations of the new medium? Look at attempts to prelegislate things which do not really exist yet and you get utter embarrassments of law at best and at worst hamstring your nation by laws which assume that a TI graphing calculator has the potential to go rogue and start deliberately killing people.
irq-1 5y ago
They didn't have any trouble during the drug war when new variations were made because they weren't illegal -- the government made all variants illegal and continued on. That's what they do when they care. When they don't care they pretend there's nothing they can do. https://en.wikipedia.org/wiki/Federal_Analogue_Act https://en.wikipedia.org/wiki/Federal_Analogue_Act > ...any chemical "substantially similar" to a controlled substance listed in Schedule I or II to be treated as if it were listed in Schedule I