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In The Paddock out to sort the jumble for nervous first-time buyers

Robin Gibson surveys the online landscape

The Quiet Reflection syndicate live the dream of shared ownership at Royal Ascot last year
The Quiet Reflection syndicate live the dream of shared ownership at Royal Ascot last yearCredit: Edward Whitaker

You read some really tortuous stuff about how many big online players aren't making a bean. Actually they're losing tins of beans; probably numerous steep hills of beans. But it doesn't matter, because they're changing capitalism.

In this new goldrush, losing $164m on $2bn turnover is fine. You don't need profit – just make sure you always look like a target for someone bigger. Oligopoly results. And that's not the kind of opoly a consumer wants.

Even dear old Twitter is talked up as a Facebook acquisition. Dear, dear old Twitter. How we'll miss it. Or will we? As 'Sinas' commented the other day on an online thinkpiece: "People don't want to pay for Twitter and Facebook because, ultimately, we know we don't actually need it. If it all dies off again, so be it . . . we'll be fine without."

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