4 ms·
Antitrust is not about monopolies. It's true Facebook is not a monopoly in the classic sense of that word. Antitrust is about anticompetitiveness. Big tech and
by DCKing 5y ago
Antitrust is not about monopolies. It's true Facebook is not a monopoly in the classic sense of that word.
Antitrust is about anticompetitiveness. Big tech and especially Facebook is in this new situation where they're causing anticompetitiveness not due to supply side control (i.e. you can get other services that compete against Facebook's products). They're causing anticompetitiveness due to demand side control - the social media that people want to use _in practice_ is all controlled by Facebook. Not because Facebook is intrinsically a superior product (e.g. cheaper, quality of content, technical qualities), but due to network effects and acquisitions of network effect through Instagram and Whatsapp.
We're in a new situation where new precedent needs to be created in what kind of demand side control is desired, permitted and should be dealt with. Which makes this new territory, and it also means that a defense of "we have decent competitors" shouldn't be a decisive argument on Facebook's behalf.
- camdat 5y ago>the social media that people want to use _in practice_ is all controlled by Facebook Twitter? Reddit? LinkedIn? Hell TikTok just passed Whatsapp in monthly active participants. Anticompetitiveness is hard to argue when one of your largest competitors started after all of these acquisitions
- DCKing 5y agoI'm not saying it's a clear cut case. I'm just saying that we should view this in a different light than past antitrust cases.
- ClumsyPilot 5y agoKia, Ferrari and caterpillar are not competitors despite all producing vehicles. In the same way TikTok, LinkedIn and WhatsApp are not competitors. Every sensible person understands that.
- deleted 5y ago[deleted]
- camdat 5y agoBut are you arguing that Instagram and TikTok are not competitors? Or WhatsApp and Telegram? Or Facebook and Twitter?
- deleted 5y ago[deleted]