←back to thread

U.S. users are leaving Facebook by the millions, Edison Research says

(www.marketplace.org)
1293 points rmason | 5 comments | 06 Mar 19 20:30 UTC | HN request time: 0.001s | source
1. DeonPenny ◴[06 Mar 19 22:42 UTC] No.19323687[source]▶
They are going to Instagram though. Thats one of facebook smartest move. Buying all the other social media sites.
replies(1): >>19323725 #
2. nabla9 ◴[06 Mar 19 22:45 UTC] No.19323725[source]▶
This is also one of the biggest failures of the modern antitrust law.

If giants like FB can't innovate and must buy competition to survive despite all the advantages they have, something is wrong.

replies(1): >>19324151 #
3. travisoneill1 ◴[06 Mar 19 23:43 UTC] No.19324151[source]▶
Counterpoint:

Many new innovative companies are being founded in this space and those that are successful are richly rewarded (by selling to FB). The system is working exactly how it is supposed to.

replies(1): >>19324189 #
4. nabla9 ◴[06 Mar 19 23:48 UTC] No.19324189{3}[source]▶
>The system is working exactly how it is supposed to.

US system is designed to be anti-markets and pro business, so you have a point. Good for startup, good for FB, bad for consumer and competition.

It's still against what anti-trust law was supposed to be.

replies(1): >>19324393 #
5. JohnFen ◴[07 Mar 19 00:15 UTC] No.19324393{4}[source]▶
Also remember that in the US it's perfectly legal to be a monopoly. What is illegal is abusing your monopoly position by engaging in unfair practices (which is a rather fuzzy and hard-to-prove thing).