Facebook Is Not a Monopoly, but It Should Be Broken Up

ON FRIDAY, DEMOCRATIC presidential candidate Elizabeth Warren announced her plan to break up tech giants Amazon, Facebook, Apple, and Google. Her argument goes wobbly in places—does anyone really care that we have Bing in addition to Google?—but the overarching theme is the progressive one about big business getting too big for society’s good.

However, there’s one aspect of contemporary digital capitalism that I think many commenters and antitrust crusaders miss: Silicon Valley isn’t full of monopolists. It’s full of what are (technically) called monopsonists.

A monopsony is a market dominated by one buyer and many sellers; it’s the inverse of a monopoly, and requires entirely different antitrust remedies.

Källa: Facebook Is Not a Monopoly, but It Should Be Broken Up

Mackens Fråga: Ska Facebook delas upp?
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