Recent meetings between Trump and Elon:
Trump and Jeff Yass (Major investor in TicTok):
Rumble CEO offers to buy TicTok as part of a Consortium:
Thoughts?
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (20)
sorted by:
Those companies where bought up because they could not compete against META so they faced the option to sell-out or be driven out. Think of what happens to all the small locally owned shops when the first Walmart in the area opens up. They can't compete with Walmart prices and they especially can't compete with the variety of items in stock. Now think about it from the income side of things, Social media companies derive most of their revenue via advertisements and selling user data. Which social media companies get the lions share of advertisement and why? Why do companies choose to advertise there? The more users a social media platform has, the more data they are able to collect and the more useful that data is because it's not isolated to one subset of the population.
I get what you're saying but those companies that Facebook bought out weren't even competitors of Facebook. Instagram was a photo editing app, Oculus was a startup VR technology company, WhatsApp was just a private messenger.
It wasn't a situation of "They couldn't compete so they were forced to sell-out" because they weren't even competing to begin with, they were doing fine on their own. Facebook took them, bought them and tainted them.
Now if X, TikTok, Rumble, and whatever else decide to "merge" into one conglomerate, what happens when that 1 centralized entity becomes tainted by one bad CEO or gets bought out by a company like Meta? Then it's game over.
Whereas the alternative.. If they all stayed separated, what's the worst that happens if TikTok gets tainted? Well, you still have Truth Social, X, Rumble, etc to go to as a worst case scenario. AND, keeping all of the players "small" allows more room for competition as well for even more free-speech apps. Because if a free-speech app came out tomorrow and they were competing with some TikTok/DWAC/X/Etc conglomerate, they'd be obliterated.
They were competitors because they were competing for advertising dollars - that's how meta makes it's money. imagine this scenario: Meta comes to your company with a proposal to buy you out - they want your technology because they see the potential it has. Now, being the CEO being offered a butt-load of dough by this huge company you start seeing the writing on the wall - Meta wants to move into your AO and they have the resources to do it on their own and put you out of business or at least take a huge chunk of your market share...or you can take the money and run off to paradise. Walmart moving into a small town...