> That neighbor to neighbor information dispersion replaces a lot of the function of broadcast advertising.
Not from the perspective of companies, who are the ones paying for advertising — their goal is to get the word out about a specific brand or product, which sometimes aligns with consumers' needs, but definitely not always.
Nowadays it is very easy to find people just like you online and ask them what they bought and whether or not they are happy with the product (although not everyone has trained themselves to do it).
That neighbor to neighbor information dispersion replaces a lot of the function of broadcast advertising.