4 ms·
Meta has been big enough for antitrust since at least 2010 when they went on an M&A kick[0]. Definitely they should have been blocked from buying Instagram back
by kmeisthax 3y ago
Meta has been big enough for antitrust since at least 2010 when they went on an M&A kick[0]. Definitely they should have been blocked from buying Instagram back in 2012. Problem is, by that point governments had effectively hollowed out their antitrust enforcement agencies[1]. So the only option now is to break companies up.
Related note: I don't think anyone should be talking about Threads in the language of competition. Either this displaces Twitter entirely or (more likely) it dies on the vine. While there's been a lot of movement to Mastodon and Bluesky, Twitter is still around. There's no competition between the two; they're serving different markets. The people who jumped ship are the kinds of people who were already getting sick and tired of Twitter's toxicity. The people who remain are either hardcore outrage addicts or journalists and politicians feeding their addiction.
[0] https://en.wikipedia.org/wiki/List_of_mergers_and_acquisitions_by_Meta_Platforms https://en.wikipedia.org/wiki/List_of_mergers_and_acquisitio...
[1] This is often couched in the language of the free market, but practically speaking this was done because bigger platforms are easier to understand and easier to regulate.
- DANmode 3y agoSurely letting every alphabet group and Cambridge Analytica grab some of that treasure trove of "oops, our API was poorly scoped" data was prioritized higher than breaking up or otherwise slowing down Facebook.