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entry costs inhibit competition
If that were true then facebook would not exist. There's plenty of competitors, the only thing holding facebook and twatter up is conservatives being too lazy to leave.
All the social media giants are hanging by a thread. They're barely profitable or even lossmaking, and their userbase is no longer growing. They have to monetise now with the users they have or they never will. Even a 10% loss of users to another platform would be a nail in their coffin.
These companies don't need profits, they can fall back on their stock price market cap to fund them. That money recently has come from the federal reserve with their buybacks and repurchases.
Agreed, that is also a problem, but the solution to big-gov problems isn't more big-gov solutions to become problems down the line.
If that were true then facebook would not exist.
You mean that site whose creation was subsidized (intentionally or not) by Harvard, one of the richest academic institutions in the world?
The cost of developing the site wasn't the key to it's success. There's hundreds of already developed socnet sites and templates out there waiting to go.
The reason it succeeded was it did what myspace was doing in a slightly less trashy/more exclusive way. It "got" that in order for socnets to succeed they had to be the mcdonalds of the internet with a single standard experience rather than trying to be a highly customisable homepage with autoplaying music and ghetto glitter effects.
Bebo went halfway towards that (and was rapidly grabbing marketshare) but it was still too niggerifiable for grandmas and professionals to want to use. Facebook went the whole way and grabbed both of their userbases, along with their potential users.
Eventually facebook will drive it's users away too and something else will become the "unbeatable monopoly". Right now it's looking like political censorship is likely to be that wedge issue, but even if it's not, something else will happen.
This is not an issue about what companies are allowed to do by the politicians they own.
Make it so
I have personally, just waiting for Qoomers and Fudds to catch up.
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