@Scale_e Yeah, but preventing that BAD

And when you have unlimited money, you get to do that

They’ve got a tonne of IP they’ve bought up and don’t ever intend to use.

Not really a free market anymore is it?

My argument wasn't ever that I know better it was that their goals often disregard economics in favour of social goals

Samaritan

They can’t do it forever.

I’m not better then you

Eventually they’ll fall.

I said it’s stupid to just call regulators lefties

Advertisers are already sick of facebooks shit.

Because they put in controls over the markets

I'm pro regulation

They’re hemorrhaging cash.

There's nothing intrinsically wrong with buying out a competitor, but that's where the one facet of intervention I do agree with comes in: trust busting.

I'm sorry but I think you misread the situation

Which regulations are you pro?

I'd have to think about

https://www.youtube.com/watch?v=YgQwBFbNm1A

There are a ton of issues with corporations right now, with predatory purchasing of competitors, and with unfettered vertical integration

Leave Facebook alone. If government regulation doesn’t come in, and the cost to entry stays low, eventually Facebook will go bankrupt.

like george soros

he got so big and now he can just throw money for political people

kinda fucked up

You just gotta be patient.

Facebook only needs controls on who it sells the data to

need another billionare to get bothered

Like how banks can’t fund terrorist groups

Or money launder

There needs to be controls on who you can sell data to

Isn't it great that regulations prevented Morrison's from buying out all the major supermarkets in my town and prevent a monopoly. Now we have fantastic competition between all the major brands. <:hypersmugon:544638648721604608>

Facebooks user data reflects steep loses. I'm not sure if anyone has seen their quarterly reports over the past few years?

Don’t regulate.
Let Facebook do what it wants.
Whatever regulation you put in, you have to put in on *every single possible competitor* to Facebook.
That’s what Facebook wants.
It makes the cost to start a competitor higher.

Anyone?

I would add to that

Correct, @Scale_e.

Facebook and other social media groups need to be forced to choose between being publishers or platforms and be regulated accordingly

I don’t want my data being sold to the Chinese govt thank you very much

facebook is fine if it decides if its a publisher and not a platform. theyve been trying to be both

The cost to entry into the social media market is already pretty high