Lets 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?
Question: is there an argument not to split up these gigantic corporations?
These companies are also vulnerable to competition in a fickle market. Tik Tok has gained massive ground and is on a similar trajectory that instagram was on some years ago. For everyone's claiming that FB stifles innovation, we have an obvious counterexample happening literally before our eyes.
While I don't like these monopolistic practices, they have given the US a tremendous amount of power over communications abroad.
Of course, forbidding anti-competitive acquisitions would have helped in that maybe then we'd all be using an independent Instagram under the leadership of its original founders and Facebook would be dying. But that still wouldn't change the fact that it would be more than likely to be a quasi monopoly. That's just the nature of social networks.