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FTC sued Facebook for illegal monopolization over this. For some reason, Zuckerberg does not care. https://www.ftc.gov/news-events/press-releases/2020/12/ftc-s
by nabla9 6y ago
FTC sued Facebook for illegal monopolization over this. For some reason, Zuckerberg does not care. https://www.ftc.gov/news-events/press-releases/2020/12/ftc-sues-facebook-illegal-monopolization https://www.ftc.gov/news-events/press-releases/2020/12/ftc-s...
>Facebook has engaged in a systematic strategy—including its 2012 acquisition of up-and-coming rival Instagram, its 2014 acquisition of the mobile messaging app WhatsApp, and the imposition of anticompetitive conditions on software developers—to eliminate threats to its monopoly. This course of conduct harms competition, leaves consumers with few choices for personal social networking, and deprives advertisers of the benefits of competition.
>The FTC is seeking a permanent injunction in federal court that could, among other things: require divestitures of assets, including Instagram and WhatsApp; prohibit Facebook from imposing anticompetitive conditions on software developers; and require Facebook to seek prior notice and approval for future mergers and acquisitions.
When FB bought WhatsApp and Instagram they made explicit promises to regulators not to do this in order to get permission.
To make things even worse. Zuck wrote in email “It is better to buy than compete,” after buying Instagram.
- tchalla 6y ago> When FB bought WhatsApp and Instagram they made explicit promises to regulators not to do this in order to get permission Do you have copy of those legal binding promises?
- newswasboring 6y agoEven if its not legally binding, even if they have said something like this in press it would be interesting to know. I cannot find anything though.
- foolmeonce 6y agoIf I remember correctly, FB said everything behind closed doors to Signal's leadership and had them blog and handle PR about how much reassurance they received that nothing would change. This is probably why Acton became the largest donor to Signal.
- sofixa 6y agohttps://ec.europa.eu/commission/presscorner/detail/en/IP_17_1369 https://ec.europa.eu/commission/presscorner/detail/en/IP_17_... Here's the EU's fine for them lying about account linking, at the very least.