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by pacala
2524 days ago
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Google/Twitter/Facebook are the ultimate stage in media consolidation. 3 mega-corporations controlling the information feeds for the vast majority of people in the world. Even with the best intentions, I can't see how this arrangement can fare well. The amount of power wielded is just astonishing. In historical context, US media has been undergoing a unabated consolidation for the past 3 decades. "In 1983, 90% of US media was controlled by 50 companies; as of 2011, 90% was controlled by just 6 companies and in 2017 the number was 5.", https://en.wikipedia.org/wiki/Concentration_of_media_ownersh.... |
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