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Facebook is a monopoly that buys, copies, kills competitors: antitrust committee

cnbc.com

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Re: Facebook is a monopoly that buys, copies, kills competitors: antitrust committee

#81

Post by friendlybus »

humanrebar wrote: post #75
friendlybus wrote: post #62

Earlier quoted context omitted.

How long until the one drink I had too many at a bar whilst dating turns into a statistically higher insurance premium. Or my church finds out about my in-progress divorce and excommunicates me. The ability for the individual to reveal specific information on their own terms is necessary for social cohesion. Let's not pretend we have transparency on what our information is being used for, nor are we likely to ever ge…

Why belong to a church and hide major life events like divorces from it? But your broader point is sound. I'd just replace "church" with "nosy extended relative".

Getting excommunicated whilst going through a messy divorce with kids is a problem. It could benefit from waiting until the divorce is concluded, particularly for the sake of the kids' stability. Those events can have repercussions for a long time if antagonised.

You could pick any situation where a process like divorce is started, proceedings or repair of the relationship has yet to begin and an automated service alerts people without immediate knowledge, who in turn pull the levers behind the scenes.

Also the King Henry the 8th parallels are interesting.

Re: Facebook is a monopoly that buys, copies, kills competitors: antitrust committee

#82

Post by xbmcuser »

jkw wrote: post #25

Facebook has been unable to stop new entrants: Pinterest, Snap, Tiktok, Twitter - All global and multi billion dollar companies, and still growing. More to come are: Telegram, Discord, Houseparty, Clubhouse Plus global competition from: Wechat, Weibo, Line Social networks come and go. The space is a lot more whimsical than people think. Remember Friendster, MySpace, AIM. A new challenger will emerge every 3-5 years.

The networks that would have surpassed in Facebook in reach were either bought i.e whatsapp instagram or copied i.e snapchat and many others

Re: Facebook is a monopoly that buys, copies, kills competitors: antitrust committee

#83

Post by johnnyfaehell »

jkw wrote: post #25

Facebook has been unable to stop new entrants: Pinterest, Snap, Tiktok, Twitter - All global and multi billion dollar companies, and still growing. More to come are: Telegram, Discord, Houseparty, Clubhouse Plus global competition from: Wechat, Weibo, Line Social networks come and go. The space is a lot more whimsical than people think. Remember Friendster, MySpace, AIM. A new challenger will emerge every 3-5 years.

Snap, Tiktok, Pinterest, and even twitter were never competing for the space that Facebook has. The main space Facebook has is social advertising and there is no competitors and anyone tries to enter that market gets attacked by Facebook since Facebook runs it. Try starting a company that will allow you to buy influencer ads on Instagram and uses the API the influencer can grant to you to correctly identify how much money to pay the influencer. Facebook will remove your API access the minute it realises you're trying to do advertising and they're not getting a cut. Facebook are very open that their problem is they're not making any money on it. We understand their reasoning but it's againist the law to then sue companies for trying to get public data and the other attacks. If Google can't rank it's own products higher in google search Facebook shouldn't be allowed to remove API access solely because you're providing a service they don't even provide and don't even want to provide.

Re: Facebook is a monopoly that buys, copies, kills competitors: antitrust committee

#84

Post by aeyes »

durnygbur wrote: post #27

Facebook platform is evil and no one doubts it at this point. Amazon is predatory for everyone - merchants, warehouse employees, IT employees, job candidates. Google screwed the recruitment irrevocably and what's worse every minor shop attempts to copy their processes. Microsoft temporarily plays the nice guy. Then we have this whole dating thing entirely owned by one media hegemon. All together pay minuscle taxes. .…

> Then we have this whole dating thing entirely owned by one media hegemon.

Actually, Facebook Dating is a breath of fresh air which doesn't implement features designed to get to your wallet.

Re: Facebook is a monopoly that buys, copies, kills competitors: antitrust committee

#85

Post by mikro2nd »

npteljes wrote: post #29
tehjoker wrote: post #13

Earlier quoted context omitted.

FAAMNG

I'm partial to GMAFIA myself, but I'm afraid that it has the same cranky connotation as "Micro$oft" had back in the day.

I've been going with GRAFT when referring to the social-media incumbents. (Strictly speaking it should be GRAAFT, and I can't figure a way to neatly include an 'M'.)

Re: Facebook is a monopoly that buys, copies, kills competitors: antitrust committee

#86

Post by ethbr0 »

dhyreueu wrote: post #77
durnygbur wrote: post #27

Facebook platform is evil and no one doubts it at this point. Amazon is predatory for everyone - merchants, warehouse employees, IT employees, job candidates. Google screwed the recruitment irrevocably and what's worse every minor shop attempts to copy their processes. Microsoft temporarily plays the nice guy. Then we have this whole dating thing entirely owned by one media hegemon. All together pay minuscle taxes. .…

Yeah, everybody thinks it's evil except for the people who use Facebook, Instagram, and Whatsapp. It's bizarre to me how many upvotes pretending society isn't still embracing FaceBook gets. And when you say this people parrot tired points about how most people "use it because they have to" as if people who thought it was evil, in the the real way, wouldn't be willing to resist the compulsion. I don't think most HN po…

Facebook is crack cocaine.

Most people aren't informed about the dangers, and by the time they understand, they're addicted.

Moreover, it was explicitly and willfully designed to work that way.

Re: Facebook is a monopoly that buys, copies, kills competitors: antitrust committee

#87

Post by snarf21 »

durnygbur wrote: post #27

Facebook platform is evil and no one doubts it at this point. Amazon is predatory for everyone - merchants, warehouse employees, IT employees, job candidates. Google screwed the recruitment irrevocably and what's worse every minor shop attempts to copy their processes. Microsoft temporarily plays the nice guy. Then we have this whole dating thing entirely owned by one media hegemon. All together pay minuscle taxes. .…

Exactly. It isn't just Facebook. The SEC and FTC have completely failed us in the last 20 years. Everything is about shareholder return, who cares about how many monopolies it creates.

Also, you forgot Disney, Comcast, Apple, AT&T, and many more.

Re: Facebook is a monopoly that buys, copies, kills competitors: antitrust committee

#88

Post by ethbr0 »

aeyes wrote: post #84
durnygbur wrote: post #27

Facebook platform is evil and no one doubts it at this point. Amazon is predatory for everyone - merchants, warehouse employees, IT employees, job candidates. Google screwed the recruitment irrevocably and what's worse every minor shop attempts to copy their processes. Microsoft temporarily plays the nice guy. Then we have this whole dating thing entirely owned by one media hegemon. All together pay minuscle taxes. .…

> Then we have this whole dating thing entirely owned by one media hegemon. Actually, Facebook Dating is a breath of fresh air which doesn't implement features designed to get to your wallet.

Unlike the others, Facebook can harvest the additional profile data and feed it into their more efficient ad business.

Re: Facebook is a monopoly that buys, copies, kills competitors: antitrust committee

#89

Post by pyrrhotech »

durnygbur wrote: post #27

Facebook platform is evil and no one doubts it at this point. Amazon is predatory for everyone - merchants, warehouse employees, IT employees, job candidates. Google screwed the recruitment irrevocably and what's worse every minor shop attempts to copy their processes. Microsoft temporarily plays the nice guy. Then we have this whole dating thing entirely owned by one media hegemon. All together pay minuscle taxes. .…

Amazon is not predatory to me. It has greatly improved my life from a convenience and cost perspective. They also recently raised their wages for all warehouse employees such that it's one of the best places to work for unskilled labor in many locations. Amazon has made many small time merchants rich through their platform, and it's software engineers are among the highest paid in the industry, so I have to strongly disagree about the zon, but the rest of it agree wholeheartedly.

Re: Facebook is a monopoly that buys, copies, kills competitors: antitrust committee

#90

Post by saalweachter »

hn_throwaway_99 wrote: post #48
jkw wrote: post #25

Facebook has been unable to stop new entrants: Pinterest, Snap, Tiktok, Twitter - All global and multi billion dollar companies, and still growing. More to come are: Telegram, Discord, Houseparty, Clubhouse Plus global competition from: Wechat, Weibo, Line Social networks come and go. The space is a lot more whimsical than people think. Remember Friendster, MySpace, AIM. A new challenger will emerge every 3-5 years.

> Remember Friendster, MySpace, AIM. A new challenger will emerge every 3-5 years. I honestly laugh whenever I hear people still bring up those early social media companies as evidence that social media heavyweights somehow come and go. None of those companies ever came near the global reach of FB. A quick Google search gives a peak user count of MySpace of between 75 and 100 million, for FB it's 2.7 billion. Those c…

Facebook was also founded half a year after MySpace, and Friendster two months earlier.

By any reasonable measure, that was "at the same time"; it wasn't so much one replacing the other replacing the next as three early competitors fluctuating until one won out.

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