FB does not have access to the M&A trick anymore. Those days are gone. Regulators are tired of seeing GAFAM buying their way out of their lack of innovation.

FB does not have access to the M&A trick anymore. Those days are gone. Regulators are tired of seeing GAFAM buying their way out of their lack of innovation. They also want to see new companies succeed on their own. That's where the new GAFAM will come from in the long run. And this is a long run race.