Re:FTC Sues Facebook for Illegal Monopolization
by sigmar on Wednesday December 09, 2020 @04:04PM
(#25364957)
For perspective, the acquisition was before IG had ads and before Facebook was publicly traded. How was the FTC supposed to magically see the future anti-competitive actions (like blocking vine)?
Re:FTC Sues Facebook for Illegal Monopolization
by mrits on Wednesday December 09, 2020 @04:11PM
(#25365055)
That same perspective shows that the industry has evolved since then. If FTC can't be held accountable for not predicting the future neither can Facebook. Of course, I don't believe this at all since anyone in the industry knew exactly why Facebook would buy Instagram, especially the FTC.
Re:FTC Sues Facebook for Illegal Monopolization
by packthetop on Wednesday December 09, 2020 @04:55PM
(#25365791)
> If FTC can't be held accountable for not predicting the future neither can Facebook.
Something tells me the FTC isn’t going to be amenable to “gotcha” arguments
Re:FTC Sues Facebook for Illegal Monopolization
by pb7 on Wednesday December 09, 2020 @06:22PM
(#25366916)
Are we not holding the government to a higher standard than private companies now or what? The FTC's entire job is to do these types of analyses. It's unfortunate that we're so used to the government being dismally incompetent in every way.
Re:FTC Sues Facebook for Illegal Monopolization
by bananamerica on Wednesday December 09, 2020 @04:42PM
(#25365603)
> It isn't Zuck's fault nobody else is as competitive as Facebook is
FTC seems to be arguing that at least part of the reason why that is the case was the employment of illegal tactics by Facebook.
Re:FTC Sues Facebook for Illegal Monopolization
by jariel on Wednesday December 09, 2020 @06:17PM
(#25366840)
"It isn't Zuck's fault nobody else is as competitive as Facebook is.... I look at you MySpace and Twitter."
Social Networks have natural Monopolies.
Not that I believe FB is necessarily a monopoly in the economic sense, but it's not quite right to talk about 'competition' in systems that are designed to have one winner.
If there were 5 Twitters for example, one of them would eventually dominate, one way or another.
Re:FTC Sues Facebook for Illegal Monopolization
by xxpor on Wednesday December 09, 2020 @05:03PM
(#25365893)
IANAL, but my understanding is legally, they can decide not to sue/block it. This is not the same thing as affirmatively approving it.
Re:FTC Sues Facebook for Illegal Monopolization
by ruairispain on Wednesday December 09, 2020 @05:40PM
(#25366323)
I thought new evidence came to light that FB used illegally obtained metrics about IG and Whatsapp that allowed them inside information about the accusations.
Something about the FB mobile app siphoning off mobile data about other app usage
Re:FTC Sues Facebook for Illegal Monopolization
by thomastjeffery on Thursday December 10, 2020 @12:17PM
(#25375890)
Does one mistake demand another?
It isn't Zuck's fault nobody else is as competitive as Facebook is.... I look at you MySpace and Twitter.
[1] https://www.ftc.gov/news-events/press-releases/2012/08/ftc-c...
"The Federal Trade Commission has closed its nonpublic investigation of Facebook's proposed acquisition of Instagram, Inc., without taking any action. Accordingly, the deal may now proceed as proposed."
"The Commission vote to close the investigation was 5-0."