https://youtu.be/v4qpf_Ch4Zo
Twitter and Facebook stock prices dropped 20% this week, which was a HUGE drop, and the largest single-day-drop in facebook's history. The growth of these social media behemoths seems to be stalling, as people find alternative platforms.
One such platform might be steemit, where users can actually earn money for posting. I chatted to Ned Scott, CEO of Steemit, while at Consensus this year.
Very good interview and the guest to the important points about the benefits of Steem, my particular case with two months in this social network, I like very much I can express myself, educate, inform and have a remuneration.
In my case a displacement to the other social networks.
However, I should allow people who take me to submit a notification when I post an entry and have a direct chat with the contacts. However I love this platform.
Greetings very good interview Congratulations.
I understand what you're saying. Facebook is definitely a company I'm not a fan of and it is certainly very large. Their latest earnings suggest they are far from an invincible monopoly though. At the start of my video above I explain that people are leaving the platform for alternatives. It supports the argument that real monopolies don't exist unless they're govt enforced, because new players constantly enter the space as technologies evolve.
I like that you're trying to fight back, it's definitely admirable, because a lot of people have been hurt by the ban.
I don't agree that government should be involved though.
Its true that Facebook is not invincible and that people are moving to other platforms.
But this is a war to regain our online freedom, privacy and right to profit from our own content. In a war you need to use ALL the weapons you have available.
The other side is fighting back with censorship, creating Facebook blockchain apps and other nefarious means.
Victory is not assured and history is sadly littered with examples of repressive regimes winning.
This class action can weaken Facebook's financial and moral standing and strengthen that of the Crypto Industry so that alternative platforms, like Steemit, can take over.
Further to this discussion, I just posted a link to an excellent interview with Ezra Levant where he discussed why a pure libertarian approach (just build a better "x") cannot work in situations like we currently have with the Tech Giants. He talks about how this is reminiscent of the monopolies J D Rockefeller had with Standard Oil and owning the rail, the steel and the coal mines.
See https://steemit.com/informationwar/@apshamilton/excellent-interview-discussing-big-tech-censorship