onewhonknocks | 5 years ago | on: Reddit’s most popular subreddits go private in protest against ‘censorship’
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onewhonknocks | 5 years ago | on: Reddit is banning any Aimee Challenor mention. UK public figure and Reddit admin
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onewhonknocks | 5 years ago | on: U.S. Senators propose limiting liability shield for social media platforms
onewhonknocks | 5 years ago | on: Twitch bans Confederate flag, racist emote usage in new conduct policy
onewhonknocks | 5 years ago | on: Public Apology to Jeremy Howard
onewhonknocks | 5 years ago | on: Public Apology to Jeremy Howard
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onewhonknocks | 5 years ago | on: Epic, Spotify, and Tinder form advocacy group to push for app store changes
onewhonknocks | 5 years ago | on: Ask HN: What are the implications of increased mask use on surveilence systems?
onewhonknocks | 5 years ago | on: Justice Department, states likely to bring antitrust lawsuits against Google
Traditional monopolies "control supply of a good or service, and where the entry of new producers is prevented or highly restricted."
In this case, the supply of a good or service (social networking, webpage indexing and searching) are not controlled by Facebook and Google because they aren't finite resources. Anyone can index the web and anyone can build a social network and Google/Facebook aren't going to crush you with lawsuits or some other nefarious tactic to maintain their position (AFAIK).
Entry of new producers of these services is not prevented or highly restricted. New social networks and search engines pop up all the time.
What Facebook and Google have is massive, large scale user loyalty. Despite alternatives existing (Bing, Mastadon, DuckDuckGo, Myspace, etc.), users are voluntarily choosing to use Google and Facebook. This is not a monopoly.
I think we need a new term for this situation.
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