Facebook is helping to set up a new pro-tech advocacy group
washingtonpost.com
washingtonpost.com
This will be interesting. On one hand, I definitely agree with that quote in the article. On the other hand, you often see highly tech-invested commenters on this website argue that it no longer makes sense to work for a startup because the FAANGs have amassed so much wealth and power that they can always be a better deal, even when the startup succeeds. So at the very least in seems the tech giants are stifling innovation in some way. It's also important to note that all of the tech giants amassed their power through acquisitions, not just organic growth (e.g. Facebook and Instagram/WhatsApp, Google and Android/YouTube).
They've been gobbling up other online media stores for decades. It's to the point you just assume a new store is an Amazon subsidiary or will be soon.
Amazon has gobbled up tons of smaller companies in order to make themselves stronger and more diverse. I'm not sure why Nasrudith singled them out as someone who hasn't really.
Facebook getting other social networks is cognitively equivalent to roughly an additional third each without checking the numbers - both are big known names. Google and getting YouTube is an influential chunk of their empire even if low margin from the expense - say an additional third of their "main product" along search and Android.
That is probably why I couldn't remember others.
Another acquisition from around the same time was 'diapers.com'. That site is now defunct, and was never huge, but I believe they pioneered the concept of 'subscribing' to consumables like baby formula and, of course, diapers. After that acquisition, Amazon started doing the same with baby products, then their own brands, and now you can subscribe to just about any recurring purchase on the site.
In these cases, I think the acquisitions provided much more than the economic value of the business. They infused Amazon with new strategies and ideas to make them, as you said, stronger _and more diverse._
It seems more like an innovation trade off relative to other innovators, but a net gain relative to other areas of society that are either innovation neutral (most of non-tech non-science society) or innovation destructive (politicians except when they are listening to advice from the EFF).
Imagine a hypothetical world where anyone buying start ups was forbidden. Someone capable of building something new but not monetizing it would be less incentivized than if they could be bought out. Others would be encouraged to roll their own for redundancy of labor as there are downsides to building dependencies upon things you don't have full control over.
The current system is not a perfect system by any means but it does have merits.
If anything FAANGs are stifling innovation due to their walled gardens.
Decentralized stuff is great, but it has a hard time competing with the efficiency of centralization.
If the providers of the world can move to something like a democracy, with checks and balances and appeals processes (and not just banishment, deleting everything you have) that would be welcome.
My guess is that Facebook is going to look for its own specific interest not so much "pro-tech". That makes sense and it is the normal PR naming to make it more palatable.
I can see that Facebook lobbing sometimes is going to align with "tech" needs and other it would play opposite to it.
I cannot read the article, so, anyone knows if organizations like EFF would be included in this advocacy group, it includes just Facebook or which companies it includes?
Obviously not. The EFF is antithetical to Facebook's goals; it advocates for freedom from not only governmental but also corporate surveillance.
There's also the part where FB controls billions of eyeballs.
I don't worry for them in the slightest.
Nice way to position your lobbyist.
Hopefully this is one of the things they'd be able to accomplish with an advocacy/lobbying group.
https://en.m.wikiquote.org/wiki/Leon_Trotsky
Merely recoiling from the horror of activities that some may rationalize is no source of safety.
The central asseration of driving it while a convenient scapegoat also assumes facts not in evidence and outright contradicted. Alex Jones has been driving extremism in concrete and proven ways by hawking his own crap for funding.
The real power of the NRA is not the money donated to it, but the huge group of single issue voters they can whirl up at a moments notice.
"The People" includes a large amount of people who disagree with you - regardless of what your belief system is. Arguing that your enemies are some privately sponsored or corporate backed shill is a tactic going back to ancient Rome.
Without safeguarding rights populism is a ladder to powers which may become "people who agree with Great Leader".