A new disclosure reveals Instagram owner Meta spent more than ever on lobbing Congress and the White House as legislation to potentially ban its competitor, TikTok, was drawn up and passed.
The reason we have a Chinese competitor that we cannot directly control is that Meta is buying up every promising US platform and shutting it down. Or just trying to copy it so that the competitor does not get enough users
As if anti-trust law doesn’t exist. It is crazy to me nowadays, most tech startup’s goal from the very start is to sale to a big tech competitor. This certainly should have anti-trust implications.
They buy to acquire IP and shutter competition gaining market share. Any employees are typically systematically let go or driven to quit intentionally within 6 months to a year.
The reason we have a Chinese competitor that we cannot directly control is that Meta is buying up every promising US platform and shutting it down. Or just trying to copy it so that the competitor does not get enough users
As if anti-trust law doesn’t exist. It is crazy to me nowadays, most tech startup’s goal from the very start is to sale to a big tech competitor. This certainly should have anti-trust implications.
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“Something something FTC unconstitutional, not even sarcastically” - these oligarchs
What platforms has meta bought and shut down?
I can think of zero examples myself.
CrowdTangle, MetaSpark, Moves, Onavo, Bump, Parse, etc
Not sure, most of the companies they buy they claim are to acquire their workers. They’ve bought over 90 companies from what I saw in a quick search.
https://en.m.wikipedia.org/wiki/List_of_mergers_and_acquisitions_by_Meta_Platforms
They buy to acquire IP and shutter competition gaining market share. Any employees are typically systematically let go or driven to quit intentionally within 6 months to a year.