This is the kind of thing that just kills a book for me: when the author can’t get basic things right, and I start having a book version of the Gell-Mann Amnesia Effect. tefter.io/bookmarks/4545…
For example, this is from @chafkin’s book The Contrarian:
For example, this is from @chafkin’s book The Contrarian:
“Facebook would develop a monopoly on social media and use that monopoly to crush competitors, charging progressively higher fees to advertisers while telling the world that this predatory behavior was a social good.”
1st: Facebook doesn’t charge higher fees; ad prices are set..
1st: Facebook doesn’t charge higher fees; ad prices are set..
by auction, and prices fluctuate with supply of ad inventory (prices came down a lot with the introduction of Stories) and demand from advertisers.
Second, Facebook the idea that Facebook is a social media monopoly is risible, particularly with the recent explosion in
Second, Facebook the idea that Facebook is a social media monopoly is risible, particularly with the recent explosion in
other venues such as Roblox, Fortnite, Snap, Pinterest, TikTok, Discord, Reddit, etc.
Maybe try to understand what a “monopoly” is, first?
Maybe try to understand what a “monopoly” is, first?
https://twitter.com/marceloplima/status/1410972951156035586
Here’s the offending passage: 
Ah yes, “disruption” isn’t a precise term with an actual meaning—coined by Clay Christensen in Innovator’s Dilemma to describe a business process—it’s a “favored TED talker buzzword.” 🤦🏻♂️
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