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Google and Facebook are definitely stagnating and burning money on expanding (unsuccessfully) outside of the advertising duopoly they have.
Netflix is in the unfortunate position of battling against the established and increasingly technically competent entertainment industry and the technically competent and better funded tech industry.
Decline is far too charitable to Facebook and Netflix. They need to cease to exist. Any product that Facebook makes produces -99% of value for humanity.
I have loads of friends who started to cancel their netflix subs and went back to piracy because they grew tired of searching for a way to watch something legally. Now its disney, hbo, prime, whatever. Screw all of this.
All of that is way cheaper (currently) than cable. The biggest problem is finding what you want. Need a TV Guide for streaming, so I can search for say "The Martian", and it would tell me "This is on netflix in your country", or "this isn't available on subscription, but you can rent it on amazon for x.xx or buy it on apple tv for y.yy"
I have loads of friends who started to cancel their netflix subs and went back to piracy because they grew tired of searching for a way to watch something legally. Now its disney, hbo, prime, whatever. Screw all of this.
However, I do predict that they will change in significant ways in the next decade.
* Apple is one Supreme Court ruling away from ending their App Store monopoly that could disrupt the entire world, since it would also affect all other digital marketplaces.
* Amazon is about to enter a decade of unionization all over the world.
* Google and Facebook both lost a key ability to micro-target on their ad platforms so they are both reinventing themselves to drive revenue from other sources, hardware being the biggest moats they can invest in.
* Netflix has some of the worlds brightest minds in data science and they've built up a war-chest of understanding viewing habits. They've also gobbled up a lot of key Hollywood players in the last few years, so I expect some huge cultural changes ahead as these creatives start to take more leadership roles in the company.
Facebook is currently ahead, but I wonder how much of that is perception. There is a lot of media about how Facebook is evil, but that is mostly from a pretty small circle of media and political people, that Facebook is naturally in opposition to. Facebook also owns instagram and whatsapp as well. But everyone over 30 I know uses Facebook, heavily. Instagram is also used very heavily. Amazon has threats from other E-…
Unionization is no threat to Amazon. Their margins and hence their shareholders maybe (briefly), but that's just fine and won't affect their ability to be successful. It'll also push them towards further automation on the medium and long term time horizons. That would in turn alleviate a lot of the governmental attacks and bad press. I can't think of anyone who hates Amazon the service - they hate Amazon the pee-bott…
Wait, what? They do have a huge problem with counterfeit crap sold via bait-and-switch reviews.
Edit: A related article https://arstechnica.com/tech-policy/2020/12/amazon-still-has...
I have loads of friends who started to cancel their netflix subs and went back to piracy because they grew tired of searching for a way to watch something legally. Now its disney, hbo, prime, whatever. Screw all of this.
But it was quite a success for RIAA/MPAA to stick a label of criminal to everyone who downloads free audio-visual content even if it's not true. Though, let's not aid them in their quest by throwing sentences like 'illegal content' too frequently around.
I have loads of friends who started to cancel their netflix subs and went back to piracy because they grew tired of searching for a way to watch something legally. Now its disney, hbo, prime, whatever. Screw all of this.
A show I had one episode left of went off Netflix on 1/1. I tried to find it EVERYWHERE, I even downloaded iTunes on my PC. “Not available in your region” left right and center. I luckily found a torrent and it was legitimately the only way I could find the content beyond buying DVDs on eBay.
I have loads of friends who started to cancel their netflix subs and went back to piracy because they grew tired of searching for a way to watch something legally. Now its disney, hbo, prime, whatever. Screw all of this.