Posted on 12/05/2021 12:56:36 PM PST by RandFan
For all the outrage directed at Big Tech over the past decade, regulators have shied away from the nuclear option of actually breaking up a major platform.
Until this week, that is.
By ordering Facebook to part with Giphy, a GIF creation platform it acquired in 2020, the U.K.’s Competition and Markets Authority broke a global taboo and ushered in a brave new world of tech enforcement.
(Excerpt) Read more at politico.eu ...
Not sure how I feel about it.
Might be a good thing?
Related
Rumble is going to host Truth Social on their web servers
Big techs influence has peaked IMO
VIDEO: Cantor Fitzgerald CEO: Trumps Truth Social working with RUMBLE
That is exciting
Since social media sites have a very synergistic effect and new internet widgets make those social media sites that have them more popular, it seems that Alphabet, Meta, etc. are really vertical monopolies that can be forced to split up.
As to whether the "magic of the market" can be relied on to cull the monopolistic dinosaurs it seems there is plenty of evidence to suggest these monopolies will survive us with the help of woke capital and cronyism.
Now if only we could put a stake in the heart of the hedge fund industry and eliminate those entirely. The New York/Palm Beach axis of evil must be endemic for the good of our nation.
I don’t think Facebook and Twitter, etc. should be allowed to throw someone off their platforms just because they don’t agree with the user’s politics.
I realize they’re private companies, but they shouldn’t be able to kick someone off for being a conservative any more than the electric company should be able to refuse service to someone because they’re a conservative.
Or a water company denying water!
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