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I think Facebook is even more universally thought of as a bad company, and everyone still engages there, too.
by sejje 9mo ago
I think Facebook is even more universally thought of as a bad company, and everyone still engages there, too.
- estearum 9mo agoDifference is their product is so good as to be basically irreplaceable (good = strong network effects, which is the only flavor of "good" that matters)
- bluGill 9mo agoFacebook as a monopoly of a sort and so is hard to get away from. If I don't like Tesla there are many other options. Even if you only buy EVs, there are a lot of options that you can buy today. The only people who have to buy Tesla are the type who are buying 10 year old EVs (the limited range on 10 year old Nissan rules them out).
- ghaff 9mo agoWell, lots of people don't use Facebook. But you're right that there aren't any real like for like replacements. Of course, Twitter was a quasi-monopoly as well. That said, Bluesky emerged but only as an alternative with much less critical mass.
- HWR_14 9mo agoThere are network effects to social networks that do not apply to choice of vehicle