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I'm just grateful it's a duopoly and not a monopoly. Can you imagine how much worse the situation would be if one company soft-owned the entire space the way Fa
by madrox 4y ago
I'm just grateful it's a duopoly and not a monopoly. Can you imagine how much worse the situation would be if one company soft-owned the entire space the way Facebook does with social media?
- jjcon 4y agoI'm not sure how facebook is a monopoly on really any level (see tiktok, twitter, youtube, snapchat, etc etc). Visa Mastercard duopoly also has 10x the barriers of entry that social media has.
- madrox 4y agoMy reasoning was that, across all Facebook-owned properties, they have ~7 billion MAU. All their top competitors combined are roughly half that. [1] This is all illustrative, of course. My salient point is that monopolies are only really held in check by the law. In this case, at least there's a significant competitor. 1: https://www.searchenginejournal.com/social-media/biggest-social-media-sites/#close https://www.searchenginejournal.com/social-media/biggest-soc...