> So paid social networks just can't work, because a "free with ads" service will trivially outcompete it before it starts to visibly rot. The "free with ads"

> So paid social networks just can't work, because a "free with ads" service will trivially outcompete it before it starts to visibly rot. The "free with ads" service will "outcompete" by immediately being in basically-infinite debt, right? Is that really still "competing"?