DMBFFF

comment from the page (by a Mark Fuller):

People need to remember that the stock is worthless until you sell it.

What I find quite annoying is how people created these monopolies.

50 years ago, there were 3 (arguably 4) American car companies—still a de facto oligopoly, but 3 is better than 1. The Japanese and VW added to it.

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Today we essentially have one search portal, Google; one social network site, Facebook; one video-hosting site, YouTube; and one micro-blogging site, Twitter/X.

If people spent perhaps 1/10th of their micro-blogging time on other sites, Twitter might not have been as attractive to Musk and his backers, but they chose ease over choice, and now they’re wailing over what he’s doing with it.

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I’m off-topic.

I mostly agree with your statement. Maybe Amazon likes the internet, but probably most others in big business in the US don’t: it might account a bit for the shitty websites of many of them.

The leaders of countries such as the PRC, Modi’s India, Putin’s Russia, ans Iran might not like the idea of decentralization.

Indeed, they might not like the internet itself.