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The irony especially in Hacker news is that a good fraction of people here kinda benefit from it. Because Google and Facebook have a boundless treasure chest from this ad monopoly they can pay insane salaries and others have to keep up. Who knows how tech landscape would look like if we didn't let monopolies like these happen?



I was wondering ten years ago if online advertising was a bubble. This was sort of a big deal because of both the direct (Google, Facebook, etc.) and indirect (employees, startups snapped up at insane valuations) beneficiaries.

Take that source of money away and it's not clear if you have fewer tech jobs overall. But, while there are other large tech employers who pay at the top tier in this world, I'm guessing there are a lot fewer jobs at that comp level and a lot fewer opportunities for rich startup exits if that particular money faucet were much reduced.

Also fewer subsidized services for consumers etc. although I'm not sure that would be a bad thing.


The internet is still monetized by ads. I mean the whole technology behind advertising has gotten staggeringly complex and advanced compared to 1999 but its still just ad spending.




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