5 ms·
That's pretty rough for people in web publishing/social media whose business model relies on advertisement, as basically anything retaining people attention oth
by joral 4y ago
That's pretty rough for people in web publishing/social media whose business model relies on advertisement, as basically anything retaining people attention other than their product is a competitor. Even having a having a face-to-face discussion with a friend over a meal may amount to competition.
- mytailorisrich 4y agoYes, but that's how it is. There's direct competition, e.g. another business doing the same as you. And there's more indirect competition, perhaps another industry but that can lure eyeballs away from you. You are competing against anything and anyone that might divert attention, sales, etc away from you.
- joral 4y agoI think it cannot be good for society, but regulation is tricky and I don't have any silver bullet solution to offer. Maybe some smart people will find a solution eventually. Though on the question of an alternative to ads as a source of income, I like the idea of partly subsidizing press through public library subscriptions. However, while this "library model" already exists for paid online press, I absolutely don't see it working for social media like TikTok, Twitter, Reddit, etc. (but maybe it's just a lack of imagination from my part).
- mytailorisrich 4y agoIt's neither good nor bad. It can be good, it can be bad. What is sure is that this is life and there is nothing you can do about it.
- joral 4y agoI still can complain, and no one will stop me ! (just kidding)
- dieselgate 4y agoIt’s part of the definition of “ a market”. With any demand there needs to be a supply and healthy competition/(or consumer choice) is part of maintaining a healthy market. The opposite of competition in a market is a “monopoly” which is often bad for consumers.
- actfrench 4y agowell put. I like the "diverting attention" angle.