4 ms·
Having a lot of customers isn't a monopoly.
by ericdykstra 8y ago
Having a lot of customers isn't a monopoly.
- matteuan 8y agoHaving the great majority of the customers IS a monopoly. And also trying to buy the rest is (e.g. instagram, whatsapp).
- repolfx 8y agoBut then every firm that created a new product or new product category would be immediately illegal. That's why monopolies aren't illegal, not even in the EU. They have to engage in abuse to create or maintain a monopoly. But Facebook hasn't done that. Buying your competitors is not abuse of market position, they willingly joined forces.