"Facebook Would Like a Monopoly on Your Entire Life" (FB; GOOG)

Seriously, who has the time for a world that's Zucks?
For a quick scan of the topic see last month's "'Facebook, Google, and the Economics of Time' (FB; GOOG)":

Although this story is not about intertemporal arbitrage I'm sure that's the first thing some of our readers thought of.
From The Atlantic:

The two giants of the mobile-ad economy have opposing philosophies on making money from your time. Namely, Google saves time while Facebook soaks it up....

From Pacific Standard:

What do we stand to lose when we gain big convenient platforms?

  My partner and I quietly decided to get married last May. We told friends and family, started to refer to each other uncomfortably and sporadically as “fiancé,” but didn’t make any concrete plans. Nearly a year later, while scrolling through his phone, he casually asked, “Why aren’t we engaged on Facebook?”

“Do you need us to be engaged on Facebook?” I responded. He shrugged.

The next day, we became engaged on Facebook, nearly a year after we actually became engaged. Hundreds of our friends and family liked the post, congratulated us, and expressed surprise—friends and family who we’d already told we were getting married. But we hadn’t told them on Facebook, so it hadn’t really happened.

"Do you need us to be engaged on Facebook?"

This is the Facebook we have come to know, to love, and to loathe: We know it informs us, owns us, and manipulates us. The late David Carr compared the Internet giant to a strange dog in the park running toward you: “More often than not, it’s hard to tell whether he wants to play with you or eat you.” When it was revealed that media companies from the New York Times to BuzzFeed would be posting original news stories and other content straight to the social network, with no external links back to their own sites, the Internet collectively groaned. But no, we weren’t that surprised—after all, the site already sends some news organizations nearly half of their overall daily readership. It loves us so much it might eat us.

It’s hardly shocking that Facebook would aspire to be our one-stop Web-shop for everything from announcing your engagement to reading the news, but what Facebook really wants is so much more than that.

Once upon a time, the Internet was supposed to make us free. It was supposed to revolutionize global communications, giving everyone a low-cost platform for speech. It was supposed to make us less reliant on concentrated corporate power. It was supposed to be the social network....MORE