Drudge Retort: The Other Side of the News
Saturday, February 17, 2018

The rise and monopolistic behaviour of the giant American internet platform companies is contributing mightily to the US government's impotence. These companies have often played an innovative and liberating role. But as Facebook and Google have grown ever more powerful, they have become obstacles to innovation, and have caused a variety of problems of which we are only now beginning to become aware. [snip] Social media companies' true customers are their advertisers. But a new business model is gradually emerging, based not only on advertising but also on selling products and services directly to users. They exploit the data they control, bundle the services they offer, and use discriminatory pricing to keep more of the benefits that they would otherwise have to share with consumers. This enhances their profitability even further, but the bundling of services and discriminatory pricing undermine the efficiency of the market economy.


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Social media companies deceive their users by manipulating their attention, directing it towards their own commercial purposes, and deliberately engineering addiction to the services they provide. This can be very harmful, particularly for adolescents.

There is a similarity between internet platforms and gambling companies. Casinos have developed techniques to hook customers to the point that they gamble away all of their money, even money they don't have.


Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.


#1 | Posted by Tor at 2018-02-17 06:00 PM | Reply | Newsworthy 1

I see "im left of chomsky" man is attacking the left again.

You're a bozo, sheep.

#2 | Posted by Alexandrite at 2018-02-17 06:03 PM | Reply | Newsworthy 4


#3 | Posted by Angrydad at 2018-02-17 06:09 PM | Reply

You want social media and the internet controlled, filtered, and censored by the gov't?

I don't.

Soros' wrote: "The internet monopolies have neither the will nor the inclination to protect society against the consequences of their actions. That turns them into a public menace, and it is the regulatory authorities' responsibility to protect society against them. "

"Moreover, the doctrine leaves out of consideration the valuable data that platform companies collect from their users."

Soros considers a free internet to be a threat.

#4 | Posted by SheepleSchism at 2018-02-17 11:46 PM | Reply | Funny: 1

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