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Monopoly over the Internet
The document discusses monopolies, highlighting their impact on competition, prices, and product quality, while also providing statistics on popular social networks and their user bases as of 2015. It mentions Facebook's fundraising efforts for earthquake relief in Nepal and the social media platform's role in disseminating information during emergencies. Additionally, it touches upon internet accessibility initiatives like internet.org and the controversy surrounding net neutrality in India.
Monopoly over the Internet
- 1. Analysis of Prepared & Presentedby: Akshank Shah
- 2. Monopoly is characterizedby an absence of competition, which often results in high prices and inferior products. A situation in which a single company or group owns all or nearly all of the market for a given type of product or service.“
- 3. Your Favourite OldSocial Networks…
- 5. Estimated Unique MonthlyVisitors 900,000,000 Last Updated May 1, 2015 Estimated Active Users 1,400,000,000
- 6. Popular Products By 700M Active Users 600 M 700 M 300 M 1 K 15 K 7 K Released: March 5, 2015 Released: March 25, 2015 600 Released: May 1, 2014 Active Users Released: April 27, 2015 Bought: Feb 19, 2014 Bought: April 9, 2012 Released: March 3, 2015 Released: April 22, 2015
- 7. Estimated Unique MonthlyVisitors - 310,000,000 Last Updated May 1, 2015
- 8. The company says,it is already processing more than $8 billion in annualized payments in the U.S., gives small businesses and anyone selling anything — from piano lessons to cappuccinos — the ability to accept credit card payments by attaching a tiny white peripheral to an iPhone, iPad or Android device. - Jack Dorsey, Twitter Co-founder commerce easy for everyone Popular Product By
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- 13. PM Narendra Modithird most popular leader on Twitter after Barack Obama, Pope Francis - PTI“ ”
- 14. Social networking websiteFacebook has raised funds over $10 million within two days to support earthquake-torn Nepal. -THE TIMES OF INDIA“ ”
- 15. Facebook launched thetool, which was inspired by the 2011 earthquake and tsunami in Japan, last October. The popular social media platform had also activated a safety feature where more than seven million people in Nepal have been marked as safe. -THE TIMES OF INDIA “ ”
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- 17. Nepal’s prime ministerreportedly found out about the earthquake from a Narendra Modi tweet -THE TIMES OF INDIA “ ” The prime minister of a country of 28 million people only learned of a devastating earthquake at home more than 40 minutes after it hit—via Twitter. “ ” #NepalEarthquake Official statement affirmed by PM Sushil Koirala
- 18. Browse a listof popular websites for free with a SIM card from a qualifying carrier. Search for jobs, get health information and keep in touch with friends and family without data charges. Internet.org Launched: August 20, 2013 किसी योग्य िै रियि िे SIM िार्ड से फ़्री में लोिप्रिय वेबसाइटों िी एि सूची ब्राउज़ ििें. र्ेटा शुल्ि िे बबना नौिरियााँ ढूाँढें, स्वास््य जानिािी पाएाँ औि ममत्रों औि परिवाि िे संपिड में िहें. Internet.org can co-exist with net neutrality... -Official statement by Mark Zuckerberg TRAI says, “Airtel Zero & Internet.Org Are Against Net Neutrality, Violate Free Internet.” #SaveTheInternet
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Editor's Notes
- #3 A situation in which a single company owns all or nearly all of the market for a given type of product or service. This would happen in the case that there is a barrier to entry into the industry that allows the single company to operate without competition (for example, vast economies of scale, barriers to entry, or governmental regulation). In such an industry structure, the producer will often produce a volume that is less than the amount which would maximize social welfare A situation in which a single company or group owns all or nearly all of the market for a given type of product or service. By definition, monopoly is characterized by an absence of competition, which often results in high prices and inferior products. According to a strict academic definition, a monopoly is a market containing a single firm. In such instances where a single firm holds monopoly power, the company will typically be forced to divest its assets. Antimonopoly regulation protects free markets from being dominated by a single entity. Monopoly is the extreme case in capitalism. Most believe that, with few exceptions, the system just doesn't work when there is only one provider of a good or service because there is no incentive to improve it to meet the demands of consumers. Governments attempt to prevent monopolies from arising through the use of antitrust laws. Of course, there are gray areas; take for example the granting of patents on new inventions. These give, in effect, a monopoly on a product for a set period of time. The reasoning behind patents is to give innovators some time to recoup what are often large research and development costs. In theory, they are a way of using monopolies to promote innovation. Another example are public monopolies set up by governments to provide essential services. Some believe that utilities should offer public goods and services such as water and electricity at a price that is affordable to everyone.
- #7 Riff - Riff is the best way to make videos with friends!Just start a video, say what it’s about and post it on Riff. Anyone can see your videos, but your friends can add to them, and then their friends can add to them, and then their friends… You get the picture! Slingshot - • Quickly shoot and share moments throughout your day • Get creative with filters, drawings and emojis • Shots stick around for 24 hours or until they’re swiped away • Reply to any shot with a private photo or video reaction • Connect with friends and follow awesome people around the world • Turn on instant notifications to never miss a moment from your favorite people • Relive your day and share your favorite shots out to other apps SHOUT - Say it louder with Shout for Messenger! Add text to photos and watch them replay as a sentence. Send your finished work with Messenger to really get your point across. Facebook at Work - Facebook at Work is only available to people who have set up a work account through their employer. Not using Facebook at Work? To let us know if you'd like more information, visit http://facebook.com/help/work.Companies use Facebook at Work to give their employees a place to connect and collaborate. - Stay up-to-date with a News Feed that shows what's new and relevant at your company - Create and join groups to collaborate with co-workers - Send messages to chat with one person or small groups of co-workers
- #14 According to the Washington Post, Obama ranks first with 4,91,66,434 number of followers on Twitter while his office account, the White House, is not too far behind either. Pope Francis has 1,63,71,978 followers while Modi ranks third in the list of popularity with 76,02,690 followers. The President of Turkey Recep Tayyip Erdogan, PMO India and the Prime Minister of the United Kingdom are a few others among the top 20 in the list of most popular leaders on Twitter.
- #18 When Nepal’s worst earthquake in 80 years hit around noon on April 25, the country’s prime minister Sushil Koirala was reportedly flying to Bangkok for a personal medical treatment, after attending the Asian-African summit in Indonesia. It gets more absurd—he apparently only found out about the catastrophic earthquake, which has so far killed over 5,000 people, after he read a tweet by Indian prime minister Narendra Modi. At least this is the version of events that Nepal’s foreign minister, Mahendra Bahadur Pandey, gave to Indian news agency IANS on April 28. “Then we started seeking details,” Pandey added. “We called Nepal and got updates regularly. I was also informed about the quake after going through Modi’s Twitter account.” Inquiries about the chain of events sent to the Nepal foreign minister’s office by e-mail and through social media were not immediately answered. The unusual incident—where a country’s prime minister is informed of a massive natural disaster at home through the Twitter account of a neighbouring counterpart, instead of his own staff—was seemingly corroborated by Modi himself on April 27. At an event in New Delhi, the Indian prime minister said that Koirala told him in a telephone call that Modi’s tweet had been his first source of information. At 12.23pm (local time), Modi’s personal Twitter handle sent this out: So, to recap: The prime minister of a country of 28 million people only learned of a devastating earthquake at home more than 40 minutes after it hit—via Twitter.