Big tech isn’t just big anymore. It’s grown into a ravenous Cthulhu-esque beast with its tentacles wrapped around almost every data point in our lives.
But in the light of a House Judiciary report determining that “Facebooks monopoly power is firmly entrenched and unlikely to be eroded by competitive pressure from new entrants or existing firms,” can blockchain-based social media topple these social media powerhouses, given the unchecked power these giants wield over corporations and individuals? Even beginning to challenge the omnipotence of Facebook (NASDAQ:FB), Apple (NASDAQ:AAPL), and Google (NASDAQ:GOOGL) seems a daunting, nigh-impossible task.