maxore44
Joined 6 years ago
Joined 6 years ago
I think the overall point though is that both the telecom and search engine market experience the network effect. In a telecom's case, the effect is more literal. For search engines, they increase in value as they can collect data on more and more users (which increases the value of the search engine to the users and the cycle continues). Saying that there are dozens of alternatives to me is like saying there are dozens of alternatives to Facebook. There are, but my Grandma isn't on them so do I really care?
I think that the network effect is really hard to regulate around effectively. Just look at Bell. the resulting companies from the Bell antitrust case are the same companies we are discussing as having monopolies on internet access. I absolutely agree that we have an issue, but I just don't know of a solution.
Not arguing that starting a telecom is easier than a search engine, but I think a large part of that difficulty is inherent to the industry.