Sunday, May 25, 2014

On monopolies and capitalism

Gigaom writes on "Giants behaving badly: Google, Facebook and Amazon show us the downside of monopolies and black-box algorithms."  Read the complete article here.

Nothing new that we have not seen in capitalism before, though with an interesting 21st century spin.  Though the analysis of Facebook is interesting:

"You can stop using Facebook, but that’s not going to stop a billion or so other people from using it, and therefore it’s not going to stop them clicking on what Facebook decides is newsworthy or not newsworthy, and driving traffic to those sites, and thereby helping to determine whether they live or die. And unlike Google or Amazon, there isn’t even much of a case for antitrust, because it’s not clear what market Facebook dominates."

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