I find it slightly sad that when our leaders talk of Technology and Innovation - they often mean these ‘tech’ companies that essentially work out how to better sell advertising and occasionally provide a useful service alongside this.
Where is the Bell Labs? The Skunk Works?
We have incredible problems facing us such as Climate Change and decarbonisation seems like it will be a very difficult challenge. And yet we focus on banal “innovation” in frivolous things.
ME5SENGER_24@lemmy.world 1 year ago
Social media has been out of ideas since we got video chat. The fact is people want a free place on the internet to share interests with other people and communicate with them. Every company tries to figure out how to monetize it.
So of course they’re out of ideas, they never had them in the first place. Capitalism cannot drive progress
nivenkos@lemmy.world 1 year ago
In theory it’s easy to monetise - allow some targeted ads to communities and/or occasional relevant boosted posts, or paid awards like Reddit, etc.
The issue is greed / growth. They always need more and more - so you end up with more irrelevant ads, political ads, more boosted posts than natural ones, etc. - most companies aren’t happy to just do one thing well with a skeleton crew maintaining it and keeping costs low - they need constant growth.
Just look at Reddit and Twitter for example.