Facebook is a monopoly that buys, copies, kills competitors: antitrust committee
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Re: Facebook is a monopoly that buys, copies, kills competitors: antitrust committee
#2ok...so the government approves acquisitions, and then later regrets those decisions.
Great way to send shockwaves through the M&A space with governing incompetence: rather than pass reasonable legislation and/or empower an existing department, just have a political theater of a committee process which selectively picks those who haven't lobbied enough _not_ to get in front of that committee.
Re: Facebook is a monopoly that buys, copies, kills competitors: antitrust committee
#3s/Facebook/FAANG/g
Re: Facebook is a monopoly that buys, copies, kills competitors: antitrust committee
#4ok...so the government approves acquisitions, and then later regrets those decisions. Great way to send shockwaves through the M&A space with governing incompetence: rather than pass reasonable legislation and/or empower an existing department, just have a political theater of a committee process which selectively picks those who haven't lobbied enough _not_ to get in front of that committee.
You raise a good point, though I'll note it's not an either/or proposition.
The government botches numerous regulatory decisions. And Facebook is a monopoly that buys or copies (thus kills) their competitors.
Re: Facebook is a monopoly that buys, copies, kills competitors: antitrust committee
#5ok...so the government approves acquisitions, and then later regrets those decisions. Great way to send shockwaves through the M&A space with governing incompetence: rather than pass reasonable legislation and/or empower an existing department, just have a political theater of a committee process which selectively picks those who haven't lobbied enough _not_ to get in front of that committee.
Government is not a single entity with a single mind. It is more like a coalition.
Re: Facebook is a monopoly that buys, copies, kills competitors: antitrust committee
#6ok...so the government approves acquisitions, and then later regrets those decisions. Great way to send shockwaves through the M&A space with governing incompetence: rather than pass reasonable legislation and/or empower an existing department, just have a political theater of a committee process which selectively picks those who haven't lobbied enough _not_ to get in front of that committee.
Government is not a single entity with a single mind. It is more like a coalition.
Ok, the justice department approves acquisitions and then regrets them.
Re: Facebook is a monopoly that buys, copies, kills competitors: antitrust committee
#7ok...so the government approves acquisitions, and then later regrets those decisions. Great way to send shockwaves through the M&A space with governing incompetence: rather than pass reasonable legislation and/or empower an existing department, just have a political theater of a committee process which selectively picks those who haven't lobbied enough _not_ to get in front of that committee.
You raise a good point, though I'll note it's not an either/or proposition. The government botches numerous regulatory decisions. And Facebook is a monopoly that buys or copies (thus kills) their competitors.
> And Facebook is a monopoly that buys or copies (thus kills) their competitors
And yet competitors e.g. Snapchat, TikTok, HouseParty, Telegram, Line continue to appear and flourish.
Re: Facebook is a monopoly that buys, copies, kills competitors: antitrust committee
#8Earlier quoted context omitted.
Government is not a single entity with a single mind. It is more like a coalition.
Ok, the justice department approves acquisitions and then regrets them.
> House Antitrust Subcommittee
mmmmm, no looks like the legislative branch is reviewing what the executive branch does at all, thats whats supposed to happen.
Re: Facebook is a monopoly that buys, copies, kills competitors: antitrust committee
#9Earlier quoted context omitted.
You raise a good point, though I'll note it's not an either/or proposition. The government botches numerous regulatory decisions. And Facebook is a monopoly that buys or copies (thus kills) their competitors.
> And Facebook is a monopoly that buys or copies (thus kills) their competitors And yet competitors e.g. Snapchat, TikTok, HouseParty, Telegram, Line continue to appear and flourish.
And you forgot a big one - Pinterest, which is larger than Snapchat, thriving globally and worth $26 billion. Facebook has been entirely unable to slow their growth.
I think it's clear at this point that Facebook will continue to lose their social dominance, so long as they're prevented from acquiring any major competitors. Their old-line social network will likely remain as a foundation that everyone joins, because so many people are on it. New networks will keep popping up for the same reason TikTok did, young people hate being where old people are, where their parents and teachers are. That cycle will perpetually repeat (in 15 years TikTok 'dancing' videos will be viewed as laughably cringy by young people, like 1980s big hair and fashion trends were 15 years later). All that's necessary is to prevent Facebook from buying the new networks as they pop up.
Instagram might even manage to kill itself trying to be too many things as it clones competitors, turning itself into the F35 of social networks.
Re: Facebook is a monopoly that buys, copies, kills competitors: antitrust committee
#10ok...so the government approves acquisitions, and then later regrets those decisions. Great way to send shockwaves through the M&A space with governing incompetence: rather than pass reasonable legislation and/or empower an existing department, just have a political theater of a committee process which selectively picks those who haven't lobbied enough _not_ to get in front of that committee.
Even if these were the same people who approved the original acquisitions, it's not like people can't rethink their position.