Re:Facebook documents offer a treasure trove for Washington’...
by joe_the_user on Monday October 25, 2021 @04:46PM
(#28992904)
But FB loses eyeballs when it fails to innovate, which is kind of a demonstration that it doesn't have monopoly power.
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Re:Facebook documents offer a treasure trove for Washington’...
by munk-a on Monday October 25, 2021 @04:54PM
(#28992993)
So if, when Standard Oil was still operating as a monopoly, a single well had decided to refuse to sell to them - or even a dozen wells - or a conglomerate of wells - that means they'd no longer be a monopoly?
Just because you don't own 100% of a market doesn't mean you don't have a commanding position.
Re:Facebook documents offer a treasure trove for Washington’...
by joe_the_user on Monday October 25, 2021 @05:02PM
(#28993100)
1) Comparing Tik Tok to a single oil well is laughable.
2) If someone who owned a single oil well in time of Standard Oil could get their oil to consumers and profitably sell it, then however big Standard Oil might be, then it didn't have a standard monopoly. Of course, that's not how things work back then. Standard Oil controlled the refineries and so well owners were over a barrel. Facebook has tried to control the Internet pipes but basically failed everywhere.