▲ | drcongo 4 days ago | |||||||
I'm not following the logic, how would this work? | ||||||||
▲ | IlikeKitties 4 days ago | parent | next [-] | |||||||
Take Reddit as an example: Reddit became big after Digg fucked up their mainpage and has replaced most hobby forums and discussions on the internet. A competitor to it would have to implement a lot of compliance stuff like age verification and that would be very expensive, making it harder for a competitor to be bootstrapped. That's why Reddit has an incentive to support such regulation, even if it costs them a lot. Once implemented, competition becomes harder and harder. | ||||||||
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▲ | VikingMiner 4 days ago | parent | prev [-] | |||||||
The large tech companies benefited immensely from relative few regulations in the 2000-2010s. Once they are established, they are happy to comply with regulations which will make it more difficult for competitor to even exist since complying with regulations is often prohibitively expensive for new player. It is known colloquially as "Pulling up the ladder behind you". |