Comment on Mark Zuckerberg personally lost the Facebook antitrust case
Lost_My_Mind@lemmy.world 11 months agoWait…I haven’t been following the story. Why is him buying Instagram a bad thing legally?
You can’t buy a company with the intent to stifle competition.
They tried to compete with insta and failed, and he was concerned with insta’s potential to create features that compete with fb.
He then said the plan was to invest as little as possible in insta and only add features if competition sprouted up.
That makes sense.
Other than the fact that it happens all the time and nothing happens because, as OP mentioned, most people aren’t dumb enough to put it in writing
Buying your competitors is a pretty monopolistic practice
cyrano@lemmy.dbzer0.com 11 months ago
If you buy all the competition, you can set the price/rules.