Government s case against Facebook is bad economic policy Follow Us
Question of the Day
ANALYSIS/OPINION:
The Federal Trade Commission with 47 states are suing Facebook for allegedly squelching competition by acquiring startups, and seeking divestiture of Instagram and WhatsApp. The suit is fundamentally flawed and bad economic policy.
Facebook provides dynamic bulletin boards where individuals, affinity groups and businesses can communicate events in their lives, market products and generally network.
It’s a great site to gather classmates for reunions and has evolved into the dominant affinity-group pasteboard because of the network effect. Like the telephone system, the value of a social media network grows as more people use the same system. Unlike Verizon, AT&T and other cellphone services, social media apps generally lack interoperability the ability to send a message from Facebook to Twitter.