You’re describing the status quo with online ads still legal. Amazon has 37.6% share of e-commerce; small manufacturers can’t compete. Google hosts 79% of videos viewed over the internets, and it abuses small creators really bad, with no ways to appeal or contact humans.
One of the reasons how these corporations became that powerful was unrestricted and legal digital surveillance. Another reason, anti-monopoly regulators asleep at their job allowing big tech companies to easily acquire competitors (e.g. Google was competing with YouTube for a year or so with “Google Video” product, failed, then acquired the competitor).
> net good for the majority of teens across a wide variety of well being metrics, and net negative for a small percentage
Many researchers who don’t work for FB were warning for years. Couple years ago some of that internal research was leaked, here’s a copy-paste “Thirty-two percent of teen girls said that when they felt bad about their bodies, Instagram made them feel worse” https://archive.is/qBpaq#selection-915.1-915.113 I would not call 32% “a small percentage”.
Another thing, “negative for just a small percentage” is a poor defense. Even if it’s indeed tiny, it still doesn’t mean the business model should be legal. Imagine a lottery where 0.1% people win $1M, 1% people win $10k, 10% people win $1k, 89.9% don’t win or lose anything, and 0.01% lose their life – don’t you think a business model like that should be illegal?
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