3 ms·
While I very much dislike the anticompetitive practices of these companies, I have to agree they aren't really close to monopolies. Google and Facebook are not
by jjeaff 6y ago
While I very much dislike the anticompetitive practices of these companies, I have to agree they aren't really close to monopolies. Google and Facebook are not social media companies. They are advertising companies. They sell ad space. There are still a lot of different ways to spend as money.
- wpietri 6y agoThis is wrong in a few ways. One, antitrust includes more than monopoly, including oligopoly and monopsony. Two, there is no generic advertising market; there are a variety of specific ones. Three, Facebook and Instagram are the only way a lot of small companies find buyers, because their platforms give them rich data for ad targeting not available elsewhere. This came up during the Stop Hate For Profit campaign; large companies joined easily, but many small businesses couldn't. Having zero effective choice is a clear sign of anti-trust concerns.