Comment by grafmax

Facebook and many of these other VC companies have worked by building a moat through network effects by burning money to build something free and awesome. Then once you HAVE the network effect then it becomes hard to leave. Your history is on there, people know you through it, your friends and family are there; are you really going to leave? That’s when Facebook starts turning the screws. Ads. Manipulative algorithms. Polarizating recommendation algorithms. Social isolation. Making deals with dictatorships. Censorship of the worst crimes humanity can commit against itself (genocide).

Why? They are making money through all of it. It’s called rent extraction. You OWN something valuable. You no longer have to produce something of value. You can just charge people money for what you own. Rent. It’s various forms of rent. Sucking out money and souls into it. One of countless ways we’re leeched on by these companies and their billionaire owners.

Do the benefits outweigh the harms? Facebook and the VC playbook is boiling a frog and we are the frog.