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> Facebook is at or near monopoly status

Monopoly status for what?

Ads? No.

Online ads? No.

Communication amongst friends? No.

Reading news? No.

They have a monopoly on what?

Misused image macros and pyramid schemes.

> pyramid schemes.

What? Did Herbalife and Amway went out of business and nobody told me so I could celebrate?

Pyramid scheme incubator

I think they have a monopoly on social media.

Except they don’t? Twitter is pretty big too. Facebook is just the biggest player.

And that's before you even get into the issue of defining the market (a necessary step for any analysis of monopoly power): what is social media?

Twitter is an order of magnitude smaller than FB