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The only reason Giphy isn't reproduced is because there's no need. If FB shut off Giphy tomorrow, do you honestly think it'd take more than a few days for some
by cletus 5y ago
The only reason Giphy isn't reproduced is because there's no need. If FB shut off Giphy tomorrow, do you honestly think it'd take more than a few days for some other GIF extension to take over? Really? If nothing else, Tenor and other existing companies would immediately fill the void.
> The idea that regulators shouldn't regulate because someone (the regulated?) might be upset is laughable.
So let me address this straw man by stating what I'm actually saying:
1. The time to block an acquisition is prior to the acquisition;
2. If you placed conditions on that acquisition (which regulators often do), you should need an actual violation of those conditions rather than a theoretical violation;
3. Regulators should focus on actual problems. In the US, the Sherman Act was a result of the Standard Oil monopoly. Standard Oil controlled production, refining and distribution of petroleum products (primarily kerosene). It's just not the same with many of the so-called big tech problems today.
FB's most troublesome acquisition is WhatsApp and even in that case it was a company started by someone who famously got rejected by a job with Facebook in the late 2000s (ie Brian Acton). If you can establish a real threat to a company after that company has a huge lead, it's pretty good evidence that that company doesn't have the wall around their "monopoly" you think they do.
There's a lot of political grandstanding around this now. My point is that companies shouldn't be regulated. It's that rolling back Giphy is just such a pointless exercise of that regulatory power.