3 ms·
if facebook is indeed committing fraud, they should be prosecuted. I don't agree about the "natural monopoly" reasoning. Companies are dominant because they d
by stretchwithme 17y ago
if facebook is indeed committing fraud, they should be prosecuted.
I don't agree about the "natural monopoly" reasoning. Companies are dominant because they deliver a better value proposition. And if they stop, as they often do, competitors creep in and take away their customers. Except where the government gets involved to establish a legal regulated monopoly. Then the competition is all over and then nothing improves after that.
We went through this with package delivery, phone service, and airlines with monopolies on specific routes. All significantly improved after competition was reintroduced. Competition is the ultimate regulator.
And facebook has plenty of competition.
- deleted 17y ago[deleted]