Yes, they currently have the market share, and network effect keeps them there. Nevertheless, my point was it’s not a monopoly, so how does Meta have everybody 'by the balls"?
Network effect might as well be a monopoly until the network kills itself.
I take issue with the concept of one company owning an entire communications network in the first place. Federation is a step in the right direction but it’s not enough yet.
So many people use it, that the barrier to change to another application is high. They would need to fuck up on very large scale.
Yes, they currently have the market share, and network effect keeps them there. Nevertheless, my point was it’s not a monopoly, so how does Meta have everybody 'by the balls"?
Network effect might as well be a monopoly until the network kills itself.
I take issue with the concept of one company owning an entire communications network in the first place. Federation is a step in the right direction but it’s not enough yet.