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“GRAHAM: […] So would you work with us in terms of what regulations you think are necessary in your industry? ZUCKERBERG: Absolutely. GRAHAM: OK. Would you su
by dudzik 8y ago
“GRAHAM: […] So would you work with us in terms of what regulations you think are necessary in your industry?
ZUCKERBERG: Absolutely.
GRAHAM: OK. Would you submit to us some proposed regulations?
ZUCKERBERG: Yes. And I’ll have my team follow up with you so, that way, we can have this discussion across the different categories where I think that this discussion needs to happen.”[0]
If facebook manages to introduce regulation that requires expensive processes it could stifle competition and increase their moat.
There was a planet money episode on that topic[1]
0: https://www.washingtonpost.com/news/the-switch/wp/2018/04/10/transcript-of-mark-zuckerbergs-senate-hearing/ https://www.washingtonpost.com/news/the-switch/wp/2018/04/10...
1: https://www.npr.org/templates/transcript/transcript.php?storyId=592376568 https://www.npr.org/templates/transcript/transcript.php?stor...