monopoly over public discourse

“Finance is, like, done. Everybody’s bought everybody else with low-cost debt. Everybody’s maximised their margin. They’ve bought all their shares back . . . There’s nothing there. Every industry has about three players. Elizabeth Warren is right,” Ubben told the Financial Times.

Spotify is directly mimicking Google and Facebook, and attempting to roll up power over digital audio markets the way Google and Facebook did over the internet. It has already done so in music. Here’s Rolling Stone, reporting on Spotify’s exploitation of its public utility platform of music distribution to organizes payola-style extortion against artists.