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>Because they were so much better than the old-fashioned publishers, search engines gobbled up the advertising money No, what happened is that the publishing i
by DaveExeter 5y ago
>Because they were so much better than the old-fashioned publishers, search engines gobbled up the advertising money
No, what happened is that the publishing industry lost their monopoly. They could no longer extract monopoly rents from advertisers.
One problem with search engines is affiliate marketing. If Google de-indexed the junk affiliate sites, the web would be much less polluted with affiliate spam.
- KarlKemp 5y agoAn "industry" can, almost by definition, not be a monopoly.
- AussieWog93 5y agoIt can if there are only a few big players and they're all in cahoots.
- earthboundkid 5y ago> No, what happened is that the publishing industry lost their monopoly. They could no longer extract monopoly rents from advertisers. Publishing was not a monopoly. Google/FB are a duopoly. If publishers capture rent from advertisers, they plow it back into content, aka the thing consumers actually want. If Google/FB capture rent, they don’t provide a living wage to content creators and plow the money into buying other startups and whatever “metaverse” is.