It's because regulation increases the barrier to entry. It means less chance of some college students starting an app that can dethrone Facebook.
yups. FB users are to FB, what cows are to milk farms. main difference is that FB users are free to go, and cows are in some sort of bonded labour/slavery construction, although it is not commonly called that way.
Sure FB owns WhatsApp but I don't think they can leverage it financially nearly as much. If ads start to pop up on WhatsApp people will simply flock to different messengers with similar functionality.
Some of this dates back to their repeatedly inventing new excuses to email me that I had to go and unsubscribe from, part is that I can't look at anyone's page without LinkedIn telling them about it, part is their finagling everyone signing up to give access to their Gmail contacts similar to Facebook's harvesting of user info.
I guess they're a competitor, but if they're not as bad as Facebook is it's only because they have less reach.
Facebook profits off of our attention and engagement. Facebook’s real competition is who or whatever holds our attention. Whoever manages to make us give facebook less of our time. LinkedIn does not really have our attention like facebook does. We set up a profile and leave and maybe get on it when job hunting or when someone writes us a recommendation. There is no “LinkedIn addiction.” But you wanna know what website has been getting even more and more of our attention? Netflix lol. Netflix can take hours out of our day and during those hours we may be so absorbed in the show that we’re not really engaging with facebook. So yeah, Netflix is a bigger competitor to facebook than LinkedIn.
The competition is “socialising the pre-Facebook way”
I have no social internet accounts left except for this one. I even recently deleted my Linkedin account even though that is bad for my career (?). I just don't want to feel raped all the time. I keep getting Linkedin-ish head-hunting emails though but I'm sure that'll clear up in a year or so.
If I'm ever socializing again on the internet, give me something that doesn't rape me in the *. Otherwise I'm fine just socializing IRL.
I hope we are a void and that something new is about to happen.
Facebook's problems are caused by Facebook (website)'s design, trajectory, and business model. It doesn't have anything to do with inherent evilness in the company itself.
The Facebook site is evil and should be destroyed because of 2 reasons, in my opinion.
Firstly, the news feed is solely designed to get you to stay on the site for longer. And what that means is you get an echo chamber. So, idiot people get idiot posts that agree with them. It's not just a problem on one side of the political spectrum, it's a problem for any extreme view. Anti-vaxxers, left wing communists, and right wing fascists all get into their echo chamber and never get out.
Secondly, the advertising platform that Facebook has created is too powerful. It lets you micro-target people in a way that is absolutely perfect for political ads. You find people vulnerable to an emotional message and bombard them with your emotionally responsive ads.
Facebook ads are good for non-political things as well, but in this case, we'll have to throw the baby out with the bathwater I think.
The barrier will only be higher for potential services that want to avoid those regulations. If the market moves in a 'wants more privacy' direction, barrier to entry shouldn't be a problem.