Anti-trust laws need to stop obviously dominant players from buying up competitors.
Facebook should have never been allowed to buy WhatsApp and Instagram - especially Instagram. It would've been so much better if Instagram got to be the main independent competitor (or even purchased by another company) to Facebook, than Facebook owning it.
Facebook will keep making tens of billions of dollars in the coming years, even if it's engagement drops - but Instagram may keep growing. So does that mean Facebook will be able to purchase future competitors to Instagram, too?
Screw that. It shouldn't be allowed. In fact, I think we need a law that says automatic anti-trust protection is activated on any company purchases over say $500 million.
Google should have never been allowed to purchase Admob, either. They almost rejected the deal at the time, but still ended-up letting it through. And of course all of these telecom mergers shouldn't be allowed either.
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Anti-trust laws need to stop obviously dominant players from buying up competitors.
Facebook should have never been allowed to buy WhatsApp and Instagram - especially Instagram. It would've been so much better if Instagram got to be the main independent competitor (or even purchased by another company) to Facebook, than Facebook owning it.
Facebook will keep making tens of billions of dollars in the coming years, even if it's engagement drops - but Instagram may keep growing. So does that mean Facebook will be able to purchase future competitors to Instagram, too?
Screw that. It shouldn't be allowed. In fact, I think we need a law that says automatic anti-trust protection is activated on any company purchases over say $500 million.
Google should have never been allowed to purchase Admob, either. They almost rejected the deal at the time, but still ended-up letting it through. And of course all of these telecom mergers shouldn't be allowed either.
It's crazy to think that if Snapchat accepted their offer, all the major social networks would be own by Facebook.
That might just mean those companies are never created at all. A huge number of sv "companies" have no business plan beyond acquisition.