Everything old is new again, isn’t it?
Facebook is the new anti-competitive whipping boy. Everyone from Senator Elizabeth Warren to one of the founders of Facebook are calling for the company to be broken up. It’s too big. It’s a monopoly.
Back in 1998, Microsoft was accused of the same thing (and making it hard for third parties to integrate into the IE browser). Just under two years, and many tax dollars later, they were “split into two companies” with no discernible effect.
And my take on this go-round with Facebook is the same as it was back then: no, neither are monopolies.
If you’re going to accuse Facebook and other tech megacompanies of anything nefarious, make sure your accusations are accurate.
Here’s what I mean.
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Hope this helps!