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There are two fundamental problems with social media. The first is the ad-driven revenue model as you pointed out. The other is the dopamine economy that is d
by efitz 3y ago
There are two fundamental problems with social media. The first is the ad-driven revenue model as you pointed out.
The other is the dopamine economy that is driven by getting your stuff to have “engagement”, which is financially reinforced by the ad revenue model.
If any one platform by themselves tries to fix these problems then it will be suicide. The industry as a whole has to do it, and they won’t without regulation.
- billyjmc 3y agoIt’s going to have to be a non-industry move or a radically different model sustained by an interested minority. Federated systems are the other way this can work.