How Long Will Zuckerberg Be on Top? | Eastern North Carolina Now

Publisher's Note: This post appears here courtesy of the John Locke Foundation. The author of this post is Brooke Medina.

    One of the most fascinating developments in the digital age is the advent of social media. Nearly 80% of Americans have at least one social and according to Pew Research, 90% of 18-29 year olds have a social media account, with that percentage decreasing a bit with each ascending age bracket.

    But considering just how far we have advanced, technologically, have you ever thought about what it would be like to explain Instagram to Alexander Graham Bell? To be sure, Bell was an innovator in his own time, but telephones of the late 19th century aren't quite the same as an iPhone 12. Think about the central role such a device plays in one's social life, especially during a pandemic when most interactions are digital.

    To the point of innovation, I know Facebook's current dominance seems like it's cemented in stone, but Zuckerberg (and the rest of us) would be wise to consider the rise and fall of MySpace. This 2007 op-ed — Will MySpace ever lose its monopoly? — serves as a warning to anyone that would think a business is untouchable in a free-market system.

    Check out this article and video at Visual Capitalist to see how much the social media landscape has changed since 2003.

    Many are debating whether tech companies should be regulated by the government. I don't see that issue being settled anytime soon, but we do know that lawmakers as seemingly polar opposite as Senator Josh Hawley (R-MO) and Senator Elizabeth Warren (D-MA) have called for increased scrutiny of companies like Facebook.

    As the anti-trust and regulation debates rage on the tech front, it's helpful to remember that MySpace no longer holds the dominance it once did and odds are Facebook will meet its share of challengers, like Clubhouse, provided the market remains free and unimpeded by cronyism and over-regulation. And that gives me hope that consumers will have better choices in the coming years.
Go Back


Leave a Guest Comment

Your Name or Alias
Your Email Address ( your email address will not be published)
Enter Your Comment ( no code or urls allowed, text only please )




Biden’s Vaccine Plan Falters in Face of Reality John Locke Foundation Guest Editorial, Editorials, Op-Ed & Politics My Spin: Rewriting History


HbAD0

Latest Op-Ed & Politics

this at the time that pro-Hamas radicals are rioting around the country
populist / nationalist anti-immigration AfD most popular party among young voters, CDU second
Barr had previously said he would jump off a bridge before supporting Trump

HbAD1

illegal alien "asylum seeker" migrants are a crime wave on both sides of the Atlantic
Decision is a win for election integrity. NC should do the same.
Biden regime intends to force public school compliance as well as colleges
prosecutors appeal acquittal of member of parliament in lower court for posting Bible verse
Biden abuses power to turn statute on its head; womens groups to sue

HbAD2

The Missouri Senate approved a constitutional amendment to ban non-U.S. citizens from voting and also ban ranked-choice voting.
Democrats prosecuting political opponets just like foreign dictrators do
populist / nationalist / sovereigntist right are kingmakers for new government
18 year old boy who thinks he is girl planned to shoot up elementary school in Maryland
Biden assault on democracy continues to build as he ramps up dictatorship
One would think that the former Attorney General would have known better
UNC board committee votes unanimously to end DEI in UNC system
Police in the nation’s capital are not stopping illegal aliens who are driving around without license plates, according to a new report.

HbAD3

 
Back to Top