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The reason Facebook is losing, is because they're boxing with two hands behind their back. They're blocked by de facto anti-trust from ever acquiring their rele
by adventured 5y ago
The reason Facebook is losing, is because they're boxing with two hands behind their back. They're blocked by de facto anti-trust from ever acquiring their relevant competitors.
Acquisitions are a critical instrument for large corporations in terms of competition. TikTok's parent, ByteDance, is not restricted by such problems despite how massive they are, for example.
ByteDance is a $400 billion market cap company that doesn't have to play the game the same way Facebook does despite the fact that they're clearly competing in the same tier of scale now.
And that's not a statement of woe-is-Facebook, nobody should feel bad for Facebook, it's just the fact of the real context they're stuck with and their giant competitor is not.
- basisword 5y ago>> Acquisitions are a critical instrument for large corporations in terms of competition. TikTok's parent, ByteDance, is not restricted by such problems despite how massive they are, for example. Don’t forget the US came perilously close to banning TikTok last year. As much as Facebook probably doesn’t have the US government on their side, it’s more on their side that TikTok’s.