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this post was submitted on 26 Jul 2023
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No, they sell advertment slots to advertisers with promise of higher ad interaction, a promise they can keep because they target those advertisements to users that are more likely to interact with them using user data. User data isn't sold, leased, whatever you want to call it.
Also, technically not entirely a monopoly because there are quite a few tech giants that operate like this. Oligopoly would be the correct term.