Comment by nickff
1 day ago
I suspect that your explanation is what people in those organizations think is happening, but I believe that what’s really going on is that they’re ‘spending’ (and depleting) their brand equity.
1 day ago
I suspect that your explanation is what people in those organizations think is happening, but I believe that what’s really going on is that they’re ‘spending’ (and depleting) their brand equity.
I'm not sure it stops there, either - I wonder if others feel the same. If every platform is doing this, then are they destroying the trust of online media (the internet?) in general? Facebook isn't exactly alone in its reputation of monetising people's attention and serving them dangerous content.
I'm eagerly waiting for the day when the elderly people in my family swear off the internet entirely.
I think it's more likely that the newer gens swear it off than the older ones, who have become thoroughly brain rotted by it. It's like they have no immunity. At least gen-z is more aware of the damage it does.
We're at the "hmm, I think smoking is probably bad for us" stage. Next up, serious attempts at quitting.
Being immune to the "depletion of their brand equity" is part of the near-monopoly effects the GP was referring to.
Those brands are not immune at all. Everybody I know (who isn't in tech) has a negative opinion of these brands.
> Everybody I know... has a negative opinion of these brands.
Not uncommon but they still use them, that's how monopolies work. I mean, people do hate monopolies but that changes absolutely nothing.
The network effect is real and cannot be broken without a concerted media push, which is another can of worms I'd rather not open this year.
6 replies →
I do not believe that those brands are immune.