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Facebook is just obviously not a monopoly. There's TikTok, Snapchat, Twitter, Reddit, and many other social networks. At least 5-10 billion dollar social netw
by treis 5y ago
Facebook is just obviously not a monopoly. There's TikTok, Snapchat, Twitter, Reddit, and many other social networks. At least 5-10 billion dollar social networks have been created while Facebook exists.
Allowing them to acquire Instagram and WhatsApp were probably not wise decisions. But it hasn't stopped others from competing
- epicide 5y agoTrust != monopoly, for a reason. For example, OP lists Amazon and Google as other viable targets for trust busting, yet their primary products/services also have competitors. The issue is that, while they do have competitors, the lot of them have decided to act in certain ways that are overly harmful to the consumer. Would Facebook/Google/Amazon do even more damage as a true monopoly? Of course. Should they have to get to that point before anything is done? Definitely not -- for one, they're too smart to let themselves become proper monopolies.