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Don't forget FB was once only for college students. And now grandparents and 2 year olds are on it (unfortunately). Even Reddit was once only for a very specifi
by mtgx 7y ago
Don't forget FB was once only for college students. And now grandparents and 2 year olds are on it (unfortunately). Even Reddit was once only for a very specific audience. Now it's in top 5 most visited sites in the US.
I think Zuck understands the threat better than most. And this is precisely why the government should not allow him to buy anymore of these competitors, no matter how early in their startup life. No monopoly should be allowed to buy any competition at whatever level.
If they want to compete, they should build their own solutions and compete on merit. They should certainly have all the money and clout they need for that (it's just that often they completely misunderstand the "new markets", but that's their own leadership problem and nobody owns them anything so that they remain a monopoly).
I certainly wish Instagram and WhatsApp didn't belong to FB or any of the Big Tech right now.