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there is certainly no oligopoly over ALL products and services that can be advertised for. that's just nonsense talking points from musk, who is trying to excus
by jjeaff 2y ago
there is certainly no oligopoly over ALL products and services that can be advertised for. that's just nonsense talking points from musk, who is trying to excuse the toxic mess he has made of Twitter.
- snapplebobapple 2y agoThere certainly is a large market concentration in advertising and it is naive to claim otherwise. All is irrelevant. What matters for oligopoly is enough to exercise market power, which is pretty clearly what is happening here because the competitive incentive is to find a way to advertise on x because its a huge market that is underserved right now.
- zen928 2y agoSo you're saying what's "pretty clearly happening" is there's no way the "competitive incentive" is ignored in this "large under-served market" for any other reason than the specific "market power" interference caused by an advertising oligopoly? Do you then also think Musk purchased one of the largest advertising driven platforms on the planet without understanding this "pretty clear" outcome could happen from any controversial action? :)
- snapplebobapple 2y agoIt is irrelevant what musk thought it is only relevant what is happening. What is happening is large companies can afford to ignore a market because a group of them have colluded and know the others wont break the agreement to boycott and the produxt options are so heavily weighted to their group that the consumers will be consuming their produxt anyway.