Do you feel the same way about Reed Hastings serving on Facebooks BoD, or Eric Schmidt on Apples? How about Larry Ellison at Tesla?
These are just the lowest of hanging fruit, i.e literal chief executives and founders. If we extend the criteria for ethical compromise to include every board members investment portfolio I imagine quite a few more “obvious” conflicts will emerge.
This is what happened with Eric Schmidt on Apple’s board: he was removed (allowed to resign) for conflicts of interest.
https://www.apple.com/newsroom/2009/08/03Dr-Eric-Schmidt-Res...
Oracle is going to get into EVs?
You’ve provided two examples that have no conflicts of interest and one where the person was removed when they did.
By definition the attention economy dictates that time spent one place can’t be spent in another. Do you also feel as though Twitch doesn’t compete with Facebook simply because they’re not identical businesses? That’s not how it works.
But you don’t have to just take my word for it :
> “Netflix founder and co-CEO Reed Hastings said Wednesday he was slow to come around to advertising on the streaming platform because he was too focused on digital competition from Facebook and Google.”
https://www.cnbc.com/amp/2022/11/30/netflix-ceo-reed-hasting...
> This is what happened with Eric Schmidt on Apple’s board
Yes, after 3 years. A tenure longer than the OAI board members in question, so frankly the point stands.
Using that definition even the local gokart renting place or the local jetski renting place competes with Facebook.
If you want to use that definition you might want to also add a criteria for minimum size of the company.
Not exactly what I had in mind, but sure. Facebook would much rather you never touch grass, jetskis or gokarts.
> If you want to use that definition you might want to also add a criteria for minimum size of the company.
Your feedback is noted.
Do we disagree on whether or not the two FAANG companies in question are in competition with eachother?
I think yes, because Netflix you pay out of pocket, whereas Facebook is a free service
I believe Facebook vs Hulu or regular TV is more of a competition in the attention economy because when the commercial break comes up then you start scrolling your social media on your phone and every 10 posts or whatever you stumble into the ads placed on there so Facebook ads are seen and convert whereas regular tv and hulu aren’t seen and dont convert
Do you agree that the following company pairs are competitors?
* FB : TikTok
* TikTok : YT
* YT : Netflix
...
To be clear, this is an abuse of logic and hence somewhat tongue in cheek, but I also don't think either of the above comparisons are wholly unreasonable. At the end of the day, it's eyeballs all the way down and everyone wants as many as of them shabriri grapes as they can get.
Talking about conflicts of interest in the attention economy is like talking about conflicts of interest in the money economy. If the introduction of the concept doesn’t clarify anything functionally then it’s a giveaway that you’re broadening the discussion to avoid losing the point.
You forgot to do Oracle and Tesla.
It's a well established concept and was supported with a concrete example. If you don't feel inclined to address my points, I'm certainly not obligated to dance to your tune.
Attempting to run ads like Google and Facebook would bring Netflix into direct competition with them, and he knows he doesn’t have the relationships or company structure to support it.
He is explicitly saying they don’t compete. And they don’t.