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Snarky Sack
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Lawmakers to Zuckerberg: Who is Your Competition?
Apr 15th, 2018 at 10:25pm
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This is one of the questions they keep asking after mentioning that they are considering treating him as a monopoly.  So now, if you don't provide a competitor for your own company, you're guilty of something?

Zuckerberg doesn't have any monopoly.  He went up against an established social media cite when he was a college boy and outdid them.  Any college boy or girl is welcome to try the same against him now.  If his user agreement sucks so badly, let a competitor come up with a user agreement that doesn't suck and drive him to MySpace land.



  

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SkyChief
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Re: Lawmakers to Zuckerberg: Who is Your Competition?
Reply #1 - Apr 15th, 2018 at 11:47pm
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Snarky Sack wrote on Apr 15th, 2018 at 10:25pm:
Zuckerberg doesn't have any monopoly. 

Right.

Leave him the eff alone.   If facebook users are at odds with facebook's anti-right agenda, they can always go with some other social media platform.

Let the market decide the winners and the losers. 
  
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Jeff
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Re: Lawmakers to Zuckerberg: Who is Your Competition?
Reply #2 - Apr 16th, 2018 at 9:19am
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Snarky Sack wrote on Apr 15th, 2018 at 10:25pm:
This is one of the questions they keep asking after mentioning that they are considering treating him as a monopoly.  So now, if you don't provide a competitor for your own company, you're guilty of something?

Zuckerberg doesn't have any monopoly.  He went up against an established social media cite when he was a college boy and outdid them.  Any college boy or girl is welcome to try the same against him now.  If his user agreement sucks so badly, let a competitor come up with a user agreement that doesn't suck and drive him to MySpace land.



Congress has a long and sordid history of declaring businesses to be "monopolies" or "anti-competitive" in order to claim a 'need' to "regulate them".

If you do some reading in the area, you'll see that charging "too much" for your product is a symptom of a monopoly, but so is charging "too little" for your product. Making your business "too efficient" is another symptom of the monopoly disease.

The entire theory of the law in the area of monopoly rose up like magic in the Progressive Era, when government and economists were working together to justify taking over the economy for the Common Good.
  
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Snarky Sack
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Re: Lawmakers to Zuckerberg: Who is Your Competition?
Reply #3 - Apr 16th, 2018 at 10:36am
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Jeff wrote on Apr 16th, 2018 at 9:19am:
Congress has a long and sordid history of declaring businesses to be "monopolies" or "anti-competitive" in order to claim a 'need' to "regulate them".

If you do some reading in the area, you'll see that charging "too much" for your product is a symptom of a monopoly, but so is charging "too little" for your product.


Oh, yeah.  Bill Gates was accused of "predatory pricing" because he gave his browser away for free and people didn't want to keep paying for Netscape Navigator which used to have more than ninety percent of the market.

But all he had to do to get the gov off his back was start ostentatiously giving to liberal causes.



  

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