How Reliant On Facebook’s Ecosystem Are You?
Facebook’s personal social networking services are most likely entrenched in your life. From Facebook itself to the company’s acquisitions of Instagram and WhatsApp, it’s almost impossible for the average person to avoid getting sucked into their ecosystem for both personal and business purposes. Whether it’s keeping up with friends for your social life or connecting with customers to promote your business, you’re probably going to require Facebook in one form or another.
Many people are not aware of just how much reach Facebook has in their lives, and since they have the dominant share of the personal social networking market, they’re not going anywhere anytime soon. So, should a Federal judge and the Federal Trade Commission take the drastic action of breaking up a Facebook monopoly? Should the Federal Court be involved in this case of monopoly power going too far?
With this quiz, we’ll analyze how reliant you are on Facebook and maybe open your eyes to just how expansive their massive market power is.
Facebook Monopoly
Facebook acquired Instagram in 2012, and they added Whatsapp to their fold in 2014. With these two companies under their umbrella, Facebook almost has a monopoly in social networking.
Facebook's acquisition of Instagram and WhatsApp paid off massively for Facebook executives, but the potential competitors they did away with caused some serious issues. Facebook stands in the crosshairs of the government for being a monopoly and having access to too much personal data. Anti-trust regulators are targeting Facebook's anticompetitive conduct. Is it time to restore competition in the personal social networking services space?
