I do not fear whatever Facebook turns into because I can decide to stop using it. If they want to continue doing evil things, I can stop logging in, no? Why would someone fear that FB is turning into something?
I do not fear whatever Facebook turns into because I can decide to stop using it. If they want to continue doing evil things, I can stop logging in, no? Why would someone fear that FB is turning into something?
It doesn't matter if you log in or not. Facebook policies can affect the fortunes of nearly every type of business.
Is a crowd that uses FB the most also the one with enough spending power to have such an influence?
Additionally, all sectors of the market use it here.
However, I definitely recognize this isn't the case in the US and many European countries.
This is no different to word-of-mouth reviews, that came from people who found out about a restaurant from a paid advert in a newspaper in 1950. If your restaurant didn't list in the paper (i.e. you didn't want to pay the premium for the advert) then you were at an immediate disadvantage.
I am really struggling to see the problem with what you describe; how is it any different that advertising anywhere else? You decide if the cost of the ad is worth the ROI. Part of that decision includes knowing that your competitors might also advertise.
Does Pepsi get mad that Coke spends millions of dollars on Super Bowl commercials so they have to, too?
Probably. Advertising is somewhat analogous to mutually assured destruction.
Facebook holds a near monopoly on social networks, and it's exploiting that to extract rents in the form of advertising
That is, FB is a behemoth, is a major source of current events for a large swath of people, and their decisions unfortunately may have wider consequences than we or they necessarily predict.
Yes. I don't use Facebook, but my significant other does, and of the few news items here that I think are relevant to her, she usually sees them shared through someone's wall post 12-48 hours later. For some people it's a giant peer-to-peer new sharing site, and it's the primary source of news they have. That's extremely powerful position for Facebook, which is also why they got into so much trouble when it came out a while back that they were tweaking people's feeds slightly based on political views.
Ultimately it's like saying you aren't concerned about drug laws because you aren't in the drug economy... It has a high possibility of affecting your life in some way regardless.