Business monopolies don’t need to compete. Why should they compete when they’re already monopolies?
It’s a question worth asking in consideration of the FTC’s lawsuit against Meta, one that accuses it of having acquired monopoly dominance of the social media market through its past acquisitions of Instagram and WhatsApp.
The seemingly obvious reply to the FTC is what an odd lawsuit considering the myriad internet locales to access, including social media giants like YouTube and TikTok that Meta does not own. Which is the initial point.
No doubt Facebook itself is the most visited of the various social media sites, but its very ubiquity ensured…
Read the full article at FORBES.COM
