Key line: > The FTC is seeking a permanent injunction in federal court that could, among other things: require divestitures of assets, including Instagram and WhatsApp
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FTC Sues Facebook for Illegal Monopolization
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Re: FTC Sues Facebook for Illegal Monopolization
#12And nothing will come of this except a slap on the wrist. I have more faith in the EU if fines are to be made big enough to make any difference at all.
Re: FTC Sues Facebook for Illegal Monopolization
#13Would be interesting to see a modern day trust busting, wonder how deeply embedded Facebook's infrastructure / P&Ps is for Whatsapp development.
Re: FTC Sues Facebook for Illegal Monopolization
#14Key line: > The FTC is seeking a permanent injunction in federal court that could, among other things: require divestitures of assets, including Instagram and WhatsApp
Splitting those two properties off would be fantastic. I know it's a pipe dream, but an independent Oculus would make me so happy. I suspect this is impossible due to the early nature of the VR market. Maybe just an FTC requirement _not_ to require a FB login?
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Re: FTC Sues Facebook for Illegal Monopolization
#15Lets hope they push through with it and follow up with Google. Its about time - its ridiculous how incredibly powerful these institutions have become.
Question: is there an argument not to split up these gigantic corporations?
Re: FTC Sues Facebook for Illegal Monopolization
#16Key line: > The FTC is seeking a permanent injunction in federal court that could, among other things: require divestitures of assets, including Instagram and WhatsApp
Huge. I'm glad Zuckerberg is probably panicking.
Re: FTC Sues Facebook for Illegal Monopolization
#17Key line: > The FTC is seeking a permanent injunction in federal court that could, among other things: require divestitures of assets, including Instagram and WhatsApp
From a privacy point of view I agree that it sounds like a good thing and I hope it happens. From an entrepreneurial point of view I wonder how it will affect the future of big tech players acquiring other companies.
From a privacy point of view it doesn't matter who collects it so long as the FBI and US military can retrieve it on-demand without a warrant or probable cause under FAA 702.
Re: FTC Sues Facebook for Illegal Monopolization
#18> ... Facebook has maintained its monopoly position by buying up companies that present competitive threats and by imposing restrictive policies that unjustifiably hinder actual or potential rivals that Facebook does not or cannot acquire
Imagine if FB was broken up like old school monopolies. That would definitely open field to a lot of smaller social media startups. I am worried about consumer privacy impacts because it is easier to regulate one giant company than a myriad of smaller ones. Regardless, I say let's do it because monopolies and data stewardship are two separate problems and historically monopoly breakdowns did great things for innovation.
Re: FTC Sues Facebook for Illegal Monopolization
#19Key line: > The FTC is seeking a permanent injunction in federal court that could, among other things: require divestitures of assets, including Instagram and WhatsApp
Huge. I'm glad Zuckerberg is probably panicking.
Even if they were three separate companies wouldn't Mark still have voting control of all three companies?
Re: FTC Sues Facebook for Illegal Monopolization
#20Key line: > The FTC is seeking a permanent injunction in federal court that could, among other things: require divestitures of assets, including Instagram and WhatsApp
Splitting those two properties off would be fantastic. I know it's a pipe dream, but an independent Oculus would make me so happy. I suspect this is impossible due to the early nature of the VR market. Maybe just an FTC requirement _not_ to require a FB login?
Unfortunately, after skimming through the PDF of the complaint (https://www.ftc.gov/system/files/documents/cases/1910134fbco...), it appears the FTC is not seeking that remedy.
It appears VR is still too small of a market for them to care about.