Re:Facebook's seized files published by MPs
by JumpCrisscross on Wednesday December 05, 2018 @10:59AM
(#18609410)
> I don't understand why either of those points is particularly controversial or even unusual
Facebook is unusually large and lawless. Their favoring industry incumbents decreases the economy’s dynamism. If you want to compete with Airbnb, now, you must not only launch a better product. You must also curry favor with Facebook. That’s a lot of trust for society to put in a company with a track record of terrible judgement. (This is also why we regulate monopolies.)
Facebook is unusually large and lawless. Their favoring industry incumbents decreases the economy’s dynamism. If you want to compete with Airbnb, now, you must not only launch a better product. You must also curry favor with Facebook. That’s a lot of trust for society to put in a company with a track record of terrible judgement. (This is also why we regulate monopolies.)