Congress must act to reduce the power of the Big Tech monopolies to dominate the internet's next era
, how its culture, business practices, and algorithms undermine public health, democracy, privacy, and competition in our economy.
Along the way, Facebook pioneered an entirely new industry, giving people genuinely new and useful products. Now, it behaves the way aging monopolists always do—protecting its turf, copying the best ideas from emerging players, and exploiting consumers instead of serving them. I had a front row seat to the transformation, and I’m here to tell you that Zuckerberg must be stopped.
Later, Facebook added a “Stories” feature copied from a smaller competitor, Snapchat, and was able to corner the market on a new way to share photos and videos that was made possible by its ownership of Instagram. Facebooks to repeating that strategy, try to look and feel more like TikTok in the hope of preventing that emerging competitor from undercutting its social media monopoly.
Meta has an incentive to be open in the early days of the metaverse to attract partners and users, but the history of Facebook suggests that once it achieves critical mass, the company will engage in anticompetitive behavior.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mark Wright and Michelle Keegan tease £3.5m home as lavish driveway's completeMark Wright and wife Michelle Keegan have shared a peak at the front of their incredible new mansion as the couple posted a clip of the finished driveway with light grey paving slabs
Read more »
Mark Wright and Michelle Keegan receive warnings from fans over new homeMark Wright and Michelle Keegan house: The Brassic actress and former TOWIE star have sparked fan concern with their latest update
Read more »
Kelly Ripa shares sweet Father's Day tribute to husband Mark Consuelos and rarely seen dadKelly Ripa provided a glimpse into her weekend celebration with husband Mark Consuelos with a sweet family tribute, check out her photos.
Read more »
Prince Charles leads 40th birthday wishes to son William with sweet family snapsThe future King, Prince Charles, has shared a series of adorable and intimate family photos to mark his son Prince William's birthday as he turns 40 on Tuesday 21 June
Read more »