My head is spinning. Not sure about anyone at this point.
Mark Zuckerberg Owns or Imitates the ‘8 Social Apps’ He Claims Are Competition to Facebook.
While testifying before Congress this week, Mark Zuckerberg stated that Facebook faces fierce competition in the marketplace from at least 8 major apps, but in fact, Facebook owns or has a version of each of the apps that supposedly threatens them.
TechCrunch reports that so far, Zuckerberg’s defense towards Facebook being accused of having a monopoly has been to claim that the average American internet user regularly uses eight other social apps to communicate, not just his platform. The problem is, according to mobile app insight service App Annie, Zuckerberg’s company owns three of the top 10 apps in the United States and has cloned versions or features of other apps.-
Part of Lucas Nolan’s article.