They also reportedly shutdown Subscribe Star recently, when people started to use it instead of Patreon, in the wake of the Patreon banning of some prominent You Tuber. This isn't working. The free market doesn't seem to work well in the tech world, where we have all powerfull monopolies controlling what we say, what we know and what we buy. We need new laws.
I don't know if we need new laws. We need more competitors, for sure. Jordan Peterson (if you know him) has partnered to solve the problem of PayPal and Patreon deplatforming people, and is starting a competing service that doesn't depend on traditional payment circuits. No one knows much about how it will work, but it might prove to be a good alternative to avoid being at the mercy of these companies.
Re: PayPal has permanently banned The Hacker News and hold funds for 180 days
#111For some reason, perhaps that they traffic in information, which is cheaply duplicated, perhaps because of network effects, tech businesses seem more prone to generate giant, seemingly invincible monopolies. Google, Facebook, Netflix, Amazon, Paypal, Youtube. Most people wouldn't be able to name a competitor to any of these, let alone use it. I do not know if competition, as is possible today, can work.