Nearly every regulation only further entrenches established companies and cripples their would-be competitor upstarts. Almost the opposite effect regulators hope they have.
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Honestly if you’re a giant powerful company it may actually be in your best interest to start doing stuff so egregious that the powers that be try to regulate your industry
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This is but one of several parts of my long FB thesis
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I don’t understand how anyone can compete with them. Under any circumstances.
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It's not possible to compete with FB as a social network. You have to do something else better first (messaging, news, voice apps etc), and then add the network.
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Good line of thinking. However, I'm reminded of PCI DSS compliance and how there's a sliding scale of the levels of precaution you need to take, dependent on how many CC transactions you're running per year. Provides a path for new players to enter market and grow.
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Similar setup would make sense in data privacy context for similar reasons: risk is lower when there's less private data in one place. Arguably even more important to make things harder for the big networks here. You're absolutely correct about how important it is to get right.
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So true, and that's also exactly why public outrage alone shouldn't be driving changes in regulation - otherwise we'll just end up in a world with even more powerful incumbents, and startups struggling to comply with additional regulations
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Exactly why Zuck is embracing the need to be regulated. 1. Gets ahead of the mess. 2. Ensures FB has a seat at the table. 3. Regulations will be tailor made for FB's strategic/competitive fit.
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People are leaving FB in droves though... or maybe that's just my echo chamber
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Yup. Win win. (Long
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GDPR is actually a good example of this happening right now. Not even the biggest tech companies have compliance figured out with 6 weeks until it goes into effect. With the best intentions for adoption, it’s nearly impossible to navigate.
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GDRR is actually a great opportunity for startups, much easier to implement, manage & control when your data footprint & systems are in their infancy
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Yes it's true it's easier to consider regulation up front than applying to legacy systems. That's not the point though. The barrier of entry to start an organization is greater. Arguably, the *big corporations* have an upper hand with teams of lawyers and product managers.
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Incumbents love regulation. Prevents competition, regulatory capture follows, especially when they're tied to deep state interests. Pick an industry. Banking, telecom, big ag, pharma, etc... It's a racket.
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It's intentional. The government loves huge corporations, because they're easier to control.
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I've been wondering why FB just seemed to be making it worse and worse. Brilliant.
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Ironic or premeditated?
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I agree that blanket regulation would cause this problem. A smart technique would be to impose stricter regulations on large networks like Facebook that can (A) do a lot of damage and (B) support the costs that come with compliance.
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Admittedly this could tricky with social platforms because of their propensity to explode overnight, and it seems like some of the problem could lie more with backend add distribution services that could operate across many small social networks.
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