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1 year agoI see no way they aren’t a competitor. Meta is a company. Companies exists to make money. Meta makes money by driving engagement and then monitizing via ads or user data sale for others to target ads.
Like are we all supposed to pretend a company, Meta of all companies, is an altruistic entity? Because that’s not how it works… At all.
Remove corporations from social networks.
I mean yeah. Once other “financial assets” become more attractive (bonds at 5.5%?) maybe less parasitical activity will happen in the housing market. The whole thing started going off the rails when rates dropped to essentially nothing.
If you think current home owners have it bad, imagine anyone trying to get in the market now. Not only are mortgages 3X the price, but the houses are 2X the price they were before. The entire thing is completely unsustainable, and yet the Feds have done fuck all. Well no, actually they have made it worse every single step of the way (see the first time home buyers savings account for the latest idiotic idea).