4 ms·
Oh man remember when Meta / Facebook was a monopoly and we had to do everything in our power to stop them? And now their stock is down 75% in the last 12 months
by seibelj 4y ago
Oh man remember when Meta / Facebook was a monopoly and we had to do everything in our power to stop them? And now their stock is down 75% in the last 12 months and they are getting beaten up by competitors? And without any government intervention! It's almost like the world is always dynamic and who is on top today isn't on top tomorrow...
- andrewflnr 4y agoSometimes we get lucky. Smart civilizations don't count on luck.
- heavyset_go 4y ago"There's no need to get the government involved, the person stabbing you in the face will stop when they get tired."
- seibelj 4y agoRight! Better to destroy a business via government intervention “just in case”
- voz_ 4y agoConsumer protection is not "destroying a business"
- bombcar 4y agoIn that case they literally almost always only get involved long after the stabbing is over. So by that argument allow the merger and if it turns out antitrust fine the ever living shit out of them.
- croes 4y ago>they are getting beaten up by competitors Sure? https://news.ycombinator.com/item?id=33407857 https://news.ycombinator.com/item?id=33407857
- paulpauper 4y agostock price being down 70% is not the same thing as losing dominance
- wvenable 4y agoFacebook active users have increased so their influence is only increasing. But I disagree that Facebook is a monopoly -- their market is advertising and there is still plenty of active competition in the online advertising marketplace.