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Re:Facebook shuts popular stock trading group amid GameStop ... by adamcstephens on Friday January 29, 2021 @10:06AM (#25957937)
For many people, rightly or wrongly, Facebook has become a de facto way to communicate socially and for their business. It has become to big to make the sole decisions on who can and cannot be on the platform. It should be treated as a utility, just like phone and internet companies should be.
Re:Facebook shuts popular stock trading group amid GameStop ... by wvenable on Friday January 29, 2021 @11:19AM (#25958907)
This is a poor argument. Facebook provides an HTML form and database for free and lots of people use it so it's a utility? That argument doesn't hold a lot of water.

Phone and Internet requires literal physical infrastructure that crosses public and private property, you pay for it, and they are natural monopolies because of that. Facebook is nothing by comparison.

Re:Facebook shuts popular stock trading group amid GameStop ... by adamcstephens on Friday January 29, 2021 @03:07PM (#25961730)
No, Facebook provides a social network with billions of users and businesses relying on it for communication. Facebook requires literal physical infrastructure that is distributed around the US and the world, with interconnections in between. The two massive data centers they just built near me make that pretty damn clear.

Perhaps you may not like the suggestion that I offered, but you’re minimizing what Facebook has become and what it takes to run at that scale.

Re:Facebook shuts popular stock trading group amid GameStop ... by wvenable on Friday January 29, 2021 @03:42PM (#25962220)
You are mischaracterized the situation to make your point. Facebook's infrastructure is all private and not at all unique. The interconnections are the Internet. Anyone can compete with Facebook. You can't create your own telephone poles or run your own railways but you can certainly do everything that Facebook is doing.

As for the businesses that rely on it -- they choose to use that platform, for free, knowing exactly what they're getting into. There are thousands of times more businesses that do not rely on Facebook than those that do. Facebook is not some key infrastructure; if it all went away tomorrow it's a minor inconvenience at worst.

Re:Facebook shuts popular stock trading group amid GameStop ... by adamcstephens on Friday January 29, 2021 @04:20PM (#25962703)
Phone lines are privately owned, not publicly. Yes the locality may own the poles, but it may not either. They are leased or granted access to the right of way.

Facebook also owns at least some of its own interconnects.

It is fine with me if you disagree on principle, but to act like anybody can just create the network effect of Facebook and compete is frankly ridiculous.

Re:Facebook shuts popular stock trading group amid GameStop ... by wvenable on Friday January 29, 2021 @04:28PM (#25962815)
You're splitting hairs about phone lines -- you know what I'm talking about.

You talk like Facebook was the first ever social network and didn't start out of dorm room. You talk like there aren't any other social networks right now. Or that there aren't other media companies.

What's the end game here? What exactly do you want? The inability to moderate? Nationalized? Broken up? I guarantee you can't come up with a single remedy that isn't ridiculous.

Re:Facebook shuts popular stock trading group amid GameStop ... by adamcstephens on Friday January 29, 2021 @07:06PM (#25964559)
The end game for Facebook definitely should include breaking them up. Nationalized, probably not, but they need to be small enough that the federal government can regulate them like every other industry.

Facebook’s scale and power are bad for capitalism and democracy. You may find it ridiculous to break them up, but plenty of serious people in this world don’t.

Re:Facebook shuts popular stock trading group amid GameStop ... by wvenable on Friday January 29, 2021 @08:13PM (#25964986)
I'd argue Fox News is worse for capitalism and democracy -- why single out Facebook? Also why do they have to be broken up to be regulated by the government? Laws shouldn't apply to extremely specific situations or single entities. If you are really worried about scale and power, you actually have a long list of companies to go through before you even get to Facebook.

So break it up, how? In what way? And if you've broken Facebook up, how have you ensured that you've actually solved the problem you intend to solve.

Re:Facebook shuts popular stock trading group amid GameStop ... by RhodoGSA on Sunday January 31, 2021 @09:31PM (#25984926)
Curious, as your solution to the problem seems to be to do nothing. Does that mean you don't think it's a problem?

Here's the problem as i see it.

Facebook's and other companies with data exchange driven revenue models have monopolization on some of our generations most intelligent minds and are using cutting edge psychology and algorithms to get the general populace to click that, scroll for longer and be deeper entrenched in the depths of political extremism.

Re:Facebook shuts popular stock trading group amid GameStop ... by wvenable on Sunday January 31, 2021 @11:14PM (#25985457)
I'm concerned that you're looking at the trees and not seeing the whole forest.