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by thwy12321 2766 days ago
I'm saying that its true that some are monopolies, but none really stay that way for long, and so its completely overrated to worry about. It's a similar talking point to how we are in an "AI bubble", good for clicks on an article.

Look at FB stock, it just dropped from 220 -> ~130, they saw almost half of their market cap wiped away in a few weeks. The monopoly idea is a narrative invented to stoke fear, outrage, and page clicks. It's a talking point for psuedo educated people.

2 comments

Monopolies, whether ephemeral or eternal, are bad. Disappearance of a monopoly does not mean the data collected disappears nor does it repair the torn social fabric.
I entirely disagree. Monopolies discourage innovation and creativity. American companies do not operate in some bubble; we have to remain competitive with the outside world, with countries that would seek to erode our competitive advantage. Internal competition is a great way to ensure that we do not fall behind others.

I also don't think bringing up FB's stock price is relevant, not sure what your point is getting at there?