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Those tech media monopolies

A broad slowdown in global advertising spending driven by inflation fears was expected to be the main driver of shrinking sales and profits at social media companies, especially Meta’s Facebook and Instagram brands.

The company faces increased competition from China’s TikTok, as well as increasing advertising-related challenges from Apple because of recent changes to the iPhone’s operating system that limit how much valuable data advertisers can extract from users.

If they’re facing competition which is reducing revenues, halving profits, then they’re not monopolies, are they?

7 thoughts on “Those tech media monopolies”

  1. Only the incompetent are bothered by ads.

    And, as our host states: Markets will tell.
    The drop in valuation is across the board for all tech companies. Looks to me some Reality™ is doing things to Bubblicious speculators.

  2. It’s a bit apples and oranges. You could have a monopoly on newspapers but lose advertising to TV. How much misinfomation does TikTok carry?

  3. If they’re facing competition which is reducing revenues, halving profits, then they’re not monopolies, are they?

    Well, you could have a complete, worldwide monopoly on Cornish pasties and still be subject to competition from the cheese sarnie community.

    .
    – “A broad slowdown in global advertising spending driven by inflation fears . . .

    As I suspected, no point advertising when folk aren’t buying.

    .
    . . . competition from China’s TikTok . . .

    That’ll end soon.

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