this post was submitted on 11 May 2026
546 points (98.6% liked)
Technology
84502 readers
3632 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
You must be new around these parts. Facebook (and the rest of big tech) are monopolists. For the past ~26 years, the tech industry has been using illegal anticompetitive tactics to suppress competition and destroy potential competitors. The government has done nothing, because they're stupid and think "big = good".
An example is Instagram. It was a start up that was growing rapidly, and actually became a threat to Facebook. What did Facebook do? They placed a massive bid to buy the company at like 10x their actual market value. It's an offer so huge that every investor in Instagram would support the deal even if the founders were against it.
A sane government would see that as an obvious anticompetitive decision, and block the merger. Facebook should instead use that money to improve their own product and compete fairly. Obviously, that didn't happen, the merger went through, and Facebook is still the owner of Instagram. Users and the tech industry at large are worse off.
Look at TikTok's huge success. If they weren't a Chinese company, they probably would have met a similar fate. Unfortunately for Facebook, they weren't allowed to buy a Chinese company.
*because they are bribed to think "big = good".
Don't think they're stupid; they want you to think that. They are greedy, short-sighted, and unempathetic to their fellow man. Their actual intelligence varies widely, but there are brilliant minds among them that lack the psychological traits that prevent our species from wiping itself out.