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The problem with large tech markets is that they control every aspect of a single industry in of themselves, which allows them to define and change the market t
by SolaceQuantum 7y ago
The problem with large tech markets is that they control every aspect of a single industry in of themselves, which allows them to define and change the market to suit themselves best. In the shortrun this is good for the user as Facebook can offer instagram, whatsapp, facebook, messenger, etc. for free- a price that competitors cannot beat with all those features at once.
On the other hand, now Facebook has all of our data and the bar to enter the market to compete with facebook also must apply to all the corollary markets- in other words, there's no qay to have equivalent services without paying the high cost Facebook demands (which is massive user data).
This is similar to when an oil company purchases the means to refine and produce the oil. So an ewuivalent separation would be breaking up the highly integratedness of all to benefit the market by increasing competition on every level of Facebook monolith.
Yes, infact, much of the arguments here is the arguments made when one broke up Standard Oil for example. "But how will this benefit the consumer" is one the biggest arguments against the breaking up Standard Oil.