Re:Meta threatens to pull Facebook and Instagram from Europe...
by 0des on Sunday February 06, 2022 @02:26PM
(#30236003)
That's funny, both because they won't actually ever do this, and because even in the alternate universe where they do, nobody cares. FB/Meta is living on borrowed time and lack the depth of wealth Microsoft had when they were in this situation.
What makes this situation unique is Facebook is no longer able to innovate, both on its own or through acquiring innovators due to antitrust concerns. What comes next is an increase in rent seeking behavior, while fleecing the existing users and identifying whales.
What makes this situation unique is Facebook is no longer able to innovate, both on its own or through acquiring innovators due to antitrust concerns. What comes next is an increase in rent seeking behavior, while fleecing the existing users and identifying whales.