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This week: Revolution!; Social Media Blows Up; Parler Silence.
Read moreFollow populyst to receive this weekly commentary in your inbox every Wednesday.
This week: Revolution!; Social Media Blows Up; Parler Silence.
Read moreA weekly commentary on current events. Follow populyst to receive notification.
This week: The shrinking pandemic; Second wave – Virus mutation; Is Twitter a utility?
A user’s content and browsing history are monetizable assets.
Rather than tax, regulate or break up Facebook and Google, we should ask that they pay for the monetizable assets that they have so far mined for free. These assets are a user’s content and browsing history.
As with all types of mining, the tech giants have developed an innovative technology that they combine with an exogenous asset (an asset obtained from someone else) in order to make money. In their case, it is information and data. In the case of a traditional miner or oil company, it was copper or zinc or oil, or other resources.
A decision that could fix Twitter or hasten its demise.
This is not the first article to suggest that Twitter can generate some revenues by charging its users, but perhaps we can offer some new angles to the discussion. To begin, it is helpful to differentiate between the different types of Twitter users. These seem to be: