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[...] It is however mistaken to see Facebook as a communications company: it does not sell communication or access to communication, but user data and targeted advert space. Facebook is one of the world’s largest advertising agencies.

Social media corporations, advertising and management gurus and uncritical social media scholars that celebrate capitalist platforms associate with social media that it enables everyone to get and share information, to communicate, engage, produce and distribute content, connect with others. [...]
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[...] Financialisation is a response to contradictions of capitalism that result in capitalists’ attempts to achieve spatial (global outsourcing) and temporal (financialisation) fixes to problems associated with overaccumulation, overproduction, underconsumption, falling profit rates, profit squeez…