News for hackers. Stuff that matters.

A comment on FTC Sues Facebook for Illegal Monopolization. Parent comment

Re:FTC Sues Facebook for Illegal Monopolization by slut on Wednesday December 09, 2020 @05:12PM (#25365984)
If only the same entity that is now suing them for antitrust didn't approve these acquisitions, and fairly recently as well.
[ Parent | on HN ]
Re:FTC Sues Facebook for Illegal Monopolization by rhizome on Sunday December 13, 2020 @03:46PM (#25410079)
They didn't "approve" it, they closed their investigation, which they specifically called out as not saying there's no violation(s): https://www.ftc.gov/enforcement/cases-proceedings/closing-le...
[ Parent | on HN ]
Re:FTC Sues Facebook for Illegal Monopolization by slut on Thursday December 17, 2020 @07:13PM (#25462249)
That's right, they approved Whatsapp, everyone laughed at the instagram acquisition because they paid 1b and the company had 13 employees and 10m DAU. The company would be nowhere without FB.
[ Parent | on HN ]
Re:FTC Sues Facebook for Illegal Monopolization by adamcstephens on Wednesday December 09, 2020 @06:09PM (#25366708)
Change has to start somewhere. Why not with the entity that is now admitting it was wrong?
[ Parent | on HN ]
Re:FTC Sues Facebook for Illegal Monopolization by slut on Thursday December 17, 2020 @07:16PM (#25462266)
Because it wasn't wrong at the time of the acquisition, IG as a company had 13 employees and 10m DAU, everyone was clowning on FB for wasting their money. The company would have went nowhere without FBs network effect, after all it's entire feed was based on pictures posted on FB. FB is just a political scapegoat just like Goog, if we were interested in antitrust we'd be knocking on AT&T's door and not giving them more grant funding every year.
[ Parent | on HN ]