Although digital platforms promise interpersonal connection and form the technical backbone of our online society, they are, first and foremost, spaces driven by capitalist logics of enclosure, control and profit-making. They are owned and operated by private corporations accountable to shareholders with voracious appetites for revenue. They have... See more
I think Facebook did $186 in revenue per US user over the last 12 months. That's a lot, $186 with RPU [revenue per user]. If you assume that the average marketer is spending to get about a 3x return on their investment, so you take 186 times three, it's about $560 in commerce that's being transacted because of Facebook. Which sounds like a lot. But... See more
But rather than dying, these products thrived. Their early adopters overcame the barriers to adoption and adored the end result. They shared their new workflows with the world and wanted to learn how others used the product. Leading to emergent communities of fans who congregate online and in-person to compare notes.
When anyone can create an entity that materially organizes the flow of value across borders, what can national regulatory regimes do to stop them? What will this do to labor and environmental standards? I can see massive benefits as well as grim consequences.