Social Media: A death spiral, except for a few big winners.

Because this blog platform is closing in a few months, it is quite appropriate to bring an article from Wolf Street blog to your attention. Because you see, when I warned that Google, Facebook and other cybernazis, while paying lip service the the idea that the internet was freeing information and connecting us with everybody in the world, their corporate policies were actually leading towards a situation in which information was controlled by a few global bureaucracies and supposedly capitalist corporations, and thus free speech was limited.

OK, hands up anyone who did not know Google and Facebook were both started with money from a ‘Venture Capital’ investor that is know to be a front for the CIA. Well you know now, OK.

The science heads, tech heads, authority worshippers and leftist sheeple called me a conspiracy theorist of course. But as I said back in 2006, if we embraced the idea that everything should be connected to t’internet, we would surrender our liberty to corporate interests.

The crowd are catching up with me it seems.

A death spiral, except for a few big winners.

By Fabius Maximus, Wolf Street a multi-author website with a focus on geopolitics:

The internet is a mirror in which we can see important aspects of America. Businesses funded by speculation (greed) struggle to survive in an era of few opportunities and falling investment, while high technology and rising inequality reshape America. The social media stocks are in this maelstrom, as virtual advertising space grows faster than their audience and advertisers dollars. Publishers grow desperate, try ever more intrusive ads. Few will survive.
The race for revenue on the internet

The evolution of the internet is best seen in terms of what pays for it: banner ads, then pop-up ads, then auto-run video ads, and now “integrating” the content with the advertisements (these trends often end by debasing the product). It is an evolution to increasingly intrusive ads, forcing people to either spend more of their time killing the ads — or installing ad blockers (which are in a Red Queen race with the developers of ad technology).

Don’t blame the managers of these companies. That’s as foolish as blaming airlines for the poor service that accompanies the cheap fares we demand. We don’t pay for most of the information and many of the services we get on the internet. As Andrew Lewis said: “If you’re not paying for something, you’re not the customer; you’re the product being sold.” So we have no grounds to complain.

The managers know the futility of this race they’re locked into, but they’re desperate.

Read the rest at Wolf Street >>>

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