Instagram’s new Twitter competitor, Threads, is off to a rocket start. Mark Zuckerberg announced 30 million activated profiles, while internal data shows over 95 million posts and 190 million likes in less than one day,
Except it is nowhere near a monopoly in the social media space. There are so many general options, and specific forums for topics, etc. That’s not even to mention the fact that just because something doesn’t provide the exact same service doesn’t mean it’s not a competitor. In person communication, VoIP, etc are also competitors to social media.
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See, this is why capitalism trends toward monopolies.
A small developer could create the exact same app down to the semicolon, but wouldn’t get even a quarter of the traffic on release.
But because it’s Meta (and somehow despite their awful record of privacy violations), the app gets over 30 million signups.
The internet is controlled by 4 companies and there’s nothing we can do about it.
Except it is nowhere near a monopoly in the social media space. There are so many general options, and specific forums for topics, etc. That’s not even to mention the fact that just because something doesn’t provide the exact same service doesn’t mean it’s not a competitor. In person communication, VoIP, etc are also competitors to social media.
You mean going out clubbing is praxis? 🍒