Congress is going to throw the kitchen sink at big tech

Re:Congress is going to throw the kitchen sink at big tech by andreilys on Friday June 11, 2021 @08:14PM (#27480068)

Why wouldn't an international tech co just be able to acquire domestic companies and/or launch products at a significant loss to gain market share in the US?

For example, break up Amazon and you now create an opening for Alibaba to expand into the US. Spending billions in order to get customers to shift to Alibaba instead of Amazon.

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Re:Congress is going to throw the kitchen sink at big tech by bobthepanda on Friday June 11, 2021 @11:55PM (#27481393)

This is probably overblown if only because practice has borne out that the Asian platform model has ported very poorly to the US.

Americans don't seem to be interested in using massive platform apps that contain the kitchen sink; WeChat is available but not popular, same for LINE, and Messenger never successfully became that.

Right now the most successful overseas strategy for a software company has been Tencent's games strategy (as opposed to their WeChat one), and in that respect they're mostly just a holding company.

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Re:Congress is going to throw the kitchen sink at big tech by kmeisthax on Saturday June 12, 2021 @01:14AM (#27481732)

>Americans don't seem to be interested in using massive platform apps that contain the kitchen sink

I mean, Facebook's app is basically exactly that.

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Re:Congress is going to throw the kitchen sink at big tech by bobthepanda on Saturday June 12, 2021 @11:14AM (#27485033)

And how many young people are using Facebook?

Facebook reported declines in daily active users in North America during Q3 2020: https://www.engadget.com/facebook-q3-2020-earnings-204642328...

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Re:Congress is going to throw the kitchen sink at big tech by mucholove on Sunday June 13, 2021 @08:32AM (#27491992)

Dude. It’s a failed kitchen sink. We Chat was both my bank and my Amazon. I kept money on it and was the best way to go to the store. Heck—I even used WeChat as my Uber (Didi) because I didn’t have a Chinese card and the in-app WeChat app balance could pay for my ride.

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Re:Congress is going to throw the kitchen sink at big tech by andreilys on Saturday June 12, 2021 @12:44PM (#27485618)

Not sure how you were able to miss TikTok which has absolutely blown every other tech co out of the water with respect to stickiness and engagement.

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Re:Congress is going to throw the kitchen sink at big tech by bobthepanda on Sunday June 13, 2021 @03:20PM (#27495441)

ByteDance hasn't made substantial acquisitions since the launch of TikTok and it's not clear how they would leverage their current product's popularity into other domains.

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Re:Congress is going to throw the kitchen sink at big tech by candiodari on Sunday June 13, 2021 @03:55AM (#27490697)

Euhm ... tiktok ? In US and EU.

https://www.statista.com/statistics/1100836/number-of-us-tik...

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Re:Congress is going to throw the kitchen sink at big tech by bobthepanda on Sunday June 13, 2021 @03:21PM (#27495446)

Responded here: https://news.ycombinator.com/item?id=27495441

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Re:Congress is going to throw the kitchen sink at big tech by fauigerzigerk on Saturday June 12, 2021 @05:15AM (#27482984)

>Why wouldn't an international tech co just be able to acquire domestic companies and/or launch products at a significant loss to gain market share in the US?

Because international companies wouldn't be exempt from US regulation if they operate in the US.

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Re:Congress is going to throw the kitchen sink at big tech by not_exactly__ on Friday June 11, 2021 @08:23PM (#27480120)

Well that was the gist of my last sentence regarding not letting external Big Tech behave like current Big Tech.

ps: fwiw, I’m against breaking up BigTech. It makes for good headlines but I don’t think it solves much.

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