I think this short write up of the problems of consumer internet companies from a (Chinese) societal perspective is extremely on-point and obviously also applies from a western perspective:
1. Companies burning money in an effort to scale up and obtain a monopoly.
2. Using human weaknesses to design products and acquire traffic.
3. Monopolistic online platforms taking asymmetric measures to collect information from users and infringing on their privacy.
4. Discriminatory pricing.
Sometimes I wonder whether we in the west are capable of doing a similar crackdown? Or we have past the point of no return and companies like Facebook, Google, Amazon etc. are simply too powerful and too politically influental?
https://insider.techbuzzchina.com/c/policies-and-regulations...
1. Companies burning money in an effort to scale up and obtain a monopoly.
2. Using human weaknesses to design products and acquire traffic.
3. Monopolistic online platforms taking asymmetric measures to collect information from users and infringing on their privacy.
4. Discriminatory pricing.
Sometimes I wonder whether we in the west are capable of doing a similar crackdown? Or we have past the point of no return and companies like Facebook, Google, Amazon etc. are simply too powerful and too politically influental?