[Taywee]

> it seems like most of the critiques of social media coming from big / old media are just symptoms of having their revenue bled away

A large portion of it is people who find advertisement inherently distasteful (or, at the least, targeted advertisement) and that optimizing everything entirely for engagement causes massively negative effects for society and individual psychology. Fine-tuning everything for addiction and intense emotional reaction is great for advertisement revenue, but really bad for people.

I think you might be underestimating how many people are actually seriously upset about how they've seen the national conversation degrade to a lower level of discourse, and blame that on social media (whether they're right or wrong). There are clearly people who are upset about modern social media that aren't associated with old media.

[rumblerock]

Agreed, painting this as some kind of power struggle ignores the effects on society that affect everyone, not just new age tech titans and the establishment.