Why just facebook? Why not Amazon, Google, JPM, Disney, etc? "Chris Hughes, a co-founder of Facebook, says the company is so big and powerful that it threatens our democracy." "threatens our democracy". I've heard this talking point so much that it has no meaning any longer. It's just another of the oft-repeated talking point created by PR firms as part of a propaganda campaign. If facebook is truly that powerful tha…
Google in particular. What makes a monopoly dangerous is when they control multiple links in the supply chain to push out competitors. If Google owns Search, Gmail, Android, Analytics, Chat, Google Fi, Google Fiber, Chrome, GPay, etc... then they are able leverage one monopoly to establish monopolies elsewhere. ...and that is ultimately what is most destructive to Competition and consumer value. All of the above coul…
I'm very happy to live in Canada, where Google Pay is completely irrelevant thanks to Interac. I can walk into any business with a payment terminal and know that my debit card will just plain work, no matter my back or credit union. And I can send money instantly online to anyone else who also has an account at a Canadian bank or credit union.
Of course, this means that my bank knows all my transactions, but not using a bank is orders of magnitude harder than not using Google.