📣 🚨 🪩 I'm delighted to announce "Funding The Web: a covenant for browsers, search, and people", new work from yours truly generously supported by D//F: ftw.fund. It's a complicated topic but it only impacts the whole web, so please bear with me a little! 🧵
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ftw.fundFunding The Web: A Wise ChoiceThe Web is slow-motion collapsing for multiple reasons, but at the heart of it all is a little known system: the Search/Browser Levy. Let's fix it!
If we just got free browsers that would be fine, but the levy system is privately governed and has severe consequences. It maintains an artificial monopoly: the biggest search engine can pay more → more traffic → more money → can pay more. It's the forever Google experience.
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Much worse: this system defunds the whole of the web, and notably the media. Thanks to its monopoly, Google charges *far* higher prices for ads than it normally could and gets a much higher share of web marketing channels than it should. That's money, in the tens of billions, not flowing to the web.