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FTC Sues Facebook for Illegal Monopolization

ftc.gov

21–30 of 736 posts

Re: FTC Sues Facebook for Illegal Monopolization

#21
post #7

I support this, though have low expectations the divestiture will actually happen. It would be quite the twist though if Kevin Systrom testified for the FTC against FB, though.

Why would it be a twist I thought Systrom is mad at Mark. I know what whatsapp guys don't like mark.

Re: FTC Sues Facebook for Illegal Monopolization

#22
post #9

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

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?

Pretty sure the focus is on Instagram and Whatsapp only, not Oculus.

Re: FTC Sues Facebook for Illegal Monopolization

#24

> ... 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 becau…

I could get behind this if the current ones actually followed regulation. FB are so entrenched that they don't have to follow the rules as they've demonstrated with Cambridge Analytica among a myriad of other issues with their platform.

Re: FTC Sues Facebook for Illegal Monopolization

#25
post #9

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

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?

Ugh, yeah Facebook probably bought Oculus thinking:

-What if a lot of people use these in the future

-What if they're really comfy when they get slim, and people use them all the time, even for essentially web browsing.

-Later models can easily have internal and mouth facing cameras so you can smile at people in VR

-Let's intimately observe the finest twitch of every expression felt by our users, peering deep into their minds, learning more about how to manipulate and destroy humans than anyone ever thought possible.

Re: FTC Sues Facebook for Illegal Monopolization

#26
post #16

Earlier quoted context omitted.

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?

I don't think so? Can anyone answer this definitively?

Re: FTC Sues Facebook for Illegal Monopolization

#27
Instagram and WhatsApp are old news. The big chip on the board is Oculus. If they can get Facebook to sever Oculus (and Facebook "Reality Labs", something probably created ahead of this to blur the lines at bit) it would be a huge step forward to mitigate huge harms to come from Facebook.

Re: FTC Sues Facebook for Illegal Monopolization

#28
post #16

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

Huge. I'm glad Zuckerberg is probably panicking.

I am unclear why he would be panicking.

Re: FTC Sues Facebook for Illegal Monopolization

#29
post #16

Earlier quoted context omitted.

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?

Is this not itself an antitrust issue? If so, why?

Re: FTC Sues Facebook for Illegal Monopolization

#30
When Facebook first went public, an older relative asked me if he should invest in Facebook. My only insight was being an internet user at the time and I said no, there was no reason that Facebook wouldn’t be another MySpace. Facebook's only value was their users and users were historically very finicky and moved around platforms at will. I argued that Facebook would make no money and wouldn’t be around in a couple of years. This obviously turned out wildly wrong but I always thought the user moat was always an issue and Facebook’s downfall would be related to it. I guess what this lawsuit says is that they essentially just bought their way out of people platform jumping.
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