Tech companies no longer "friends"

[paxmao]

The "FAANG" (Facebook, Apple, Amazon, Netflix, Google) are now near a monopolistic position in their core areas and they are using it to make extra profits. But the are winds of war, e.g. Apple disallowing segmentation for Facebook and Google or charging in in-app purchases to third parties.

Apart from Facebooks try with Libra, is there anyway they could start competing on the blockchain world? My take is that they should.

[Lorence.xD]

Them Tech companies buying bitcoin and other cryptocurrencies as their reserved asset can be a way for them to start competing. They want to get more bitcoin/cryptocurrency than the other Tech company which means that they can grow the company's networth. They can also use blockchain to integrate in their own e-commerce websites.

[goaldigger]

Probably in terms of advertising, but I'm surely believe that they'll continue with their partnerships since they benefited on each other. Some might ahead to the other in terms of adoption but sooner or later, those company will do the same thing and the other company have no more choice but to accept their new terms and conditions, so for me they'll still be friends.

[amishmanish]

The article talks about making IDFA opt-in for users. So you can choose for an app to track you and your usage. The scourge of "personalized targeted advertisement" is doing a lot of damage to us as individuals and overall as society. Facebook and Google have become the main benefactors and perpetrators of this trend.

If Apple actually follows this in spirit, I may actually invest to buy an Apple phone rather than letting all of these companies turn us into entertained, consumerist zombies. While this has little relevance to blockchain, this must be made mandatory for all smart devices.

[iamsheikhadil]

I think the war they show us is just external, internally they all work together to gain data and make as much profits as they can  but, with course of time, and as history tells us, nothing is permanent and all companies will have their decline phases, sooner or later. I don't really think they will all come to blockchain to fight because the system here is very different to that of what they are used to. And the marketplace for crypto is very different to that of fiat at the moment.

[slapper]

They might experiment on blockchain right now and we do not know what happens in their deep labs. Just wait and see how those monopolies do to take over others' positions. The big fours never like each other for many years and now they have to face the biggest competition who might take over their places: Elon Musk. This man with his disruptive technologies have the possibilities to change the world in the most innovative ways while those current BIG FOURS will soon become obsolete and collapse

[GreatArkansas]

(....)
The big fours never like each other for many years and now they have to face the biggest competition who might take over their places: Elon Musk. This man with his disruptive technologies have the possibilities to change the world in the most innovative ways while those current BIG FOURS will soon become obsolete and collapse

These 5 companies got different projects as of now. But as time goes by, for sure they will start something new. Just like Facebook, they started Facebook itself as a social media platform, and then they acquired some non-social media-related platform like Whatsapp or Oculus VR.
The future projects or future features on their current product/services will be a threat to each other soon.
Blockchain projects are really possible for these big companies, but I think it will take time as these companies seem likely don't want decentralized, time will come.

[NeuroticFish]

Apart from Facebooks try with Libra, is there anyway they could start competing on the blockchain world? My take is that they should.

I guess that it's just a matter of time until all of them will have their own stablecoin or similar, of course that this will be done for their own profits.
But I'm almost sure they will be completely centralized projects, hence there's a good chance they will not use blockchain at all for this, unless they want maybe to allow 3rd party dApps...

[aioc]

Apart from Facebooks try with Libra, is there anyway they could start competing on the blockchain world? My take is that they should.

We might see that soon, PayPal's entry into Cryptocurrency is a huge success and so is Elon Musk, I'm sure these big companies are thinking their entry into Cryptocurrency, but they have to do fix their issues with regulators if they cannot address this, it will not happen, Facebook is going all out in their entry for the second time in Cryptocurrency.   

[Johnyz]

They want to become more powerful than ever, those companies are greedy as well so they might be partners in paper but of course their goal is to be on the top spot. Facebook made a good move in terms of adopting cryptocurrency however, they failed to execute it properly because Libra was being pressured by its own government, only if those companies can depend their purpose well, I'm sure they are on a big war right now.

[Theb]

Big companies that will be entering the crypto market by means of their own stable coin won't be something that is well welcomed by the crypto industry IMO as most investors that are already in the crypto market is looking for new opportunities to grow their money and putting it in something that is "stable" won't make them interest in investing onto it. We have seen how countries have rejected Libra onto their country and we have seen a lot of negative comments against it so this will be the same for others who will try to create their own crypto.

[Cling18]

I think the war they show us is just external, internally they all work together to gain data and make as much profits as they can  but, with course of time, and as history tells us, nothing is permanent and all companies will have their decline phases, sooner or later. I don't really think they will all come to blockchain to fight because the system here is very different than from what they are used to. And the marketplace for crypto is very different from that of fiat at the moment.

They will be competitors at some point but they will always work together in some areas. As for me, they wouldn't be competitors when it comes to blockchain since most of them are into Bitcoin. Facebook might have Libra yet other platforms would still recognize other coins especially Bitcoin. There will come a time wherein they will adopt more cryptocurrencies in the future.

[Lucius]

They are all American companies, all of them are also globally positioned and make huge profits - I don't see why it is important for their relationship to be anything more than professional. Furthermore, the blockchain is open source and anyone can experiment with it, whether FB or Google does it, is completely irrelevant - the key thing is whether these companies see some profit in it.

If we take FB as an example, we can conclude that all other companies will go for some centralized solution, and we can bet that all these companies are working on it. What seems less likely to me is that, say, Apple will invest in BTC just because some shareholders would not like it, and one of the biggest is the well-known Warren Buffett (Berkshire Hathaway).

[sana54210]

(....)
The big fours never like each other for many years and now they have to face the biggest competition who might take over their places: Elon Musk. This man with his disruptive technologies have the possibilities to change the world in the most innovative ways while those current BIG FOURS will soon become obsolete and collapse

These 5 companies got different projects as of now. But as time goes by, for sure they will start something new. Just like Facebook, they started Facebook itself as a social media platform, and then they acquired some non-social media-related platform like Whatsapp or Oculus VR.
The future projects or future features on their current product/services will be a threat to each other soon.
Blockchain projects are really possible for these big companies, but I think it will take time as these companies seem likely don't want decentralized, time will come.

Going into other business is never easy, going into same business is a bit more comfortable. Why? Because if you own facebook and you buy instagram you know what you have to do because you have managed to run facebook greatly before hence you know what you have to do with instagram as well, but when you get VR company suddenly you are not in a situation where you have done before hence that is why there is really nothing you can bring from the main company.

This is why it is always easier to first acquire companies that you know of and then you could end up with doing something much easier with that, then when you grow super big, you could get smaller unrelated companies which would help you a lot as well, that is the type of improvements you should do and not go into something else right away on day one since it would really destroy all of your momentum.

[just_Alice]

The "FAANG" (Facebook, Apple, Amazon, Netflix, Google) are now near a monopolistic position in their core areas and they are using it to make extra profits. But the are winds of war, e.g. Apple disallowing segmentation for Facebook and Google or charging in in-app purchases to third parties.

Apart from Facebooks try with Libra, is there anyway they could start competing on the blockchain world? My take is that they should.

I think big tech companies might compete over it, looks like something likely to happen in the future. But the thing with these companies is that they're being very careful about cryptocurrencies. I remember somewhere in 2019 FB banned crypto-related ads, but then, some time later they revoked this ban.
 
So, as far as I know, not one of these tech companies expressed a strong position, either positive or negative, regarding crypto. Taking into account the latest events, however, it seems like at some point at least one of them will take some actions. The question is, who'll be the first? And when that happens, I think the game will be ON and others will join in as well.

[BIT-BENDER]

Wasn't Facebook Libra a failed project and if somehow it's still around isn't it a failing project, I think other companies that big will think about that when they try to go into crypto-currency, anyways I don't think the should try crypto-currency, maybe for the future the allow the use of Crypto-currency, but not as far as to create theirs, They are a company with their services, not a FINTECH.

[wxa7115]

The article talks about making IDFA opt-in for users. So you can choose for an app to track you and your usage. The scourge of "personalized targeted advertisement" is doing a lot of damage to us as individuals and overall as society. Facebook and Google have become the main benefactors and perpetrators of this trend.

If Apple actually follows this in spirit, I may actually invest to buy an Apple phone rather than letting all of these companies turn us into entertained, consumerist zombies. While this has little relevance to blockchain, this must be made mandatory for all smart devices.

I read the article and even if I do not like apple products this is the way to go, if someone wants to give their data willingly and accept the opt-in that is their choice but at the moment we have no choice, smartphones have become nothing but spy machines that are watching everything you do every single day.

Any change that supports our privacy should be encouraged, I do not really care if this change causes Facebook or Google to lose some money, that is their problem and if they want to get that money back then they need to find a solution that does not require to spy on their customers all the time.

[hatshepsut93]

Apart from Facebooks try with Libra, is there anyway they could start competing on the blockchain world? My take is that they should.

What's "blockchain world'? Should they all start creating their own cryptocurrency? No, there's already thousands of crypto coins, a few more won't change anything. Bitcoin is the leader of crypto anyway, it literally has the best engineers in this field working on it, they shouldn't even try to compete with it. And having a separate currency for each platform will not work, users don't want that, they want one payment method for everything.

[Claudio99]

The "FAANG" (Facebook, Apple, Amazon, Netflix, Google) are now near a monopolistic position in their core areas and they are using it to make extra profits. But the are winds of war, e.g. Apple disallowing segmentation for Facebook and Google or charging in in-app purchases to third parties.

Apart from Facebooks try with Libra, is there anyway they could start competing on the blockchain world? My take is that they should.

It's always about profits making, even if new innovative technology gets launched those who build it up did it to make money, as a matter of fact there is nothing that's completely free in this world, about libra and other I don't think it's necessary because we already have too many crypto coins right now, instead of building coins it's better to make use of the old credible crypto coins

[molsewid]

I am sure that these tech companies are now interested in this blockchain technology maybe they also bought some bitcoins but they didn't announce it in the media it will be added in their networth because there will always be a chance that bitcoin might go higher and hugher in the future, they can also use this asset to buy other stocks maybe their competitor stock so they can be a major share holder in that company , I hope we can use crypto to purchase some products.