Becoming a Monopoly Was Always Facebook’s Goal

Author : index404
Publish Date : 2020-12-12


Becoming a Monopoly Was Always Facebook’s Goal

Photo: Chip Somodevilla/Getty Image

Wednesday’s filing of a major government antitrust suit against Facebook is a landmark in the internet’s history. We knew the suit was coming; we didn’t know it would call for a full-on breakup that would split off Instagram and WhatsApp from the parent company. You can read the Federal Trade Commission’s 53-page complaint here.

Some commentators were quick to question how the FTC and 46 state attorneys general could credibly claim Facebook’s 2012 Instagram acquisition and 2014 WhatsApp acquisition constituted monopolistic behavior, given that the deals withstood antitrust scrutiny at the time. Indeed, both purchases were mocked by many as frivolous overpays, and few foresaw Instagram or WhatsApp growing into the giants that they’ve become under Facebook’s ownership.

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