>an example of competition
Not when you are leveraging monopoly power to gain market share somewhere else. This kind of capitalism tends to degenerate.
Not when you are leveraging monopoly power to gain market share somewhere else. This kind of capitalism tends to degenerate.
Or that it is better for public interest that people prop up companies with multi billion dollar valuations on the basis of trivially copy-able features?
It is harmful to the public interest to allow a company to use its monopoly status as leverage to monopolize other markets. Facebook is competing for image messaging in the same sense that Lance Armstrong was competing in the tour de france.
Monopoly is the degenerate case of capitalism, and this kind of behavior by monopolies is how the degeneracy reproduces.