Zuckerberg struggles to name a single Facebook competitor
In Zuckerberg’s testimony before a joint session between the Senate Judiciary and Commerce committees today, the Facebook CEO was forced to confront whether his company was now effectively a monopoly. Concerns about Facebook’s monopoly status have surfaced over the last year, with growing calls to break up the company. Sen. Lindsey Graham (R-SC) first brought up the monopoly issue; later, Sen. Dan Sullivan (R-AL) noted that regulation “can cement the dominant power,” implying that in this case, Facebook is that dominant power.
“Who’s your biggest competitor?” Graham asked Zuckerberg. The CEO struggled to answer the question, naming Google, Apple, Amazon, and Microsoft as “overlap[ing]” with Facebook in different ways.
“If I buy a Ford,...