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I Changed My Mind—Facebook Is a Monopoly WSJ opinion
WSJ OPINION PAGE ^ | Oct. 1, 2021 | Mark Weinstein

Posted on 10/03/2021 11:18:08 AM PDT by RicocheT

I’m the founder of MeWe, the ad-free social network with data privacy and no content amplification or newsfeed manipulation. MeWe competes directly with Facebook. On June 27, 2019, I wrote an op-ed in this newspaper headlined “I Compete With Facebook, and It’s No Monopoly.”

I’ve changed my mind. MeWe continues to succeed, albeit on a modest scale. Two years ago the platform had five million users and no revenue. Today it has nearly 20 million users and is breaking even with millions of dollars in revenue. Yet despite MeWe’s growth, Facebook’s troubling actions over the last two years have caused me to change my position, for six reasons.

So I’ve changed my mind. Facebook is a monopoly like the world has never seen. It has more power to influence, manipulate and change thoughts, opinions, votes and purchase decisions on a global scale than any nation or government. It has an army of lobbyists who stymie effective regulation or oversight.

(Excerpt) Read more at wsj.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; News/Current Events; Politics/Elections; Technical
KEYWORDS: 96to0; bigtech; clownbammyjudge; dcdistrict; deepstatejudge; facebook; fisajudge; freespeech; internet; jamesboasberg; jameseboasberg; markweinstein; mewe; monopoly; obamajudge; socialmedia; technotyranny; wallstreetjournal
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The WSJ site is paw walled but if you aren't a subscriber, read this at the library or ask a friend for his/her copy.

It is very convincing that FB unchecked will own your brain or those of your kids/grandkids.

We conservatives support free enterprise but FB is becoming bigger than our government in power.

1 posted on 10/03/2021 11:18:08 AM PDT by RicocheT
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To: RicocheT

This article is behind a paywall.

I quit facebook several years ago now.

Anybody still on facebook (or using twitter, or using google, or using apple) should quit immediately.


2 posted on 10/03/2021 11:24:31 AM PDT by TheConservator (Beware the tyranny of the woke mob. There has never been a greater threat to liberty.)
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To: RicocheT

https://archive.vn/MGj1F


3 posted on 10/03/2021 11:24:33 AM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: TheConservator

see post #3


4 posted on 10/03/2021 11:24:56 AM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: RicocheT

Facebook sells your info to insurance companies and many more companies.


5 posted on 10/03/2021 11:26:24 AM PDT by Lumper20 (Get the border wall built and get back to work on the keystone.)
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To: kiryandil

Thanks for the link my FRiend.


6 posted on 10/03/2021 11:27:32 AM PDT by Menehune56 ("Let them hate so long as they fear" (Oderint Dum Metuant), Lucius Accius (170 BC - 86 BC))
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To: RicocheT

FascistBook is for nazis 🤪

Sieg heil


7 posted on 10/03/2021 11:29:40 AM PDT by NWFree (Somebody has to say it)
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To: RicocheT
On June 28, 2021 a previous case was dismissed by a federal judge [Deep State puppet-judge James E. Boasberg, an Odiousbama appointee], who said the states failed to prove Facebook was a monopoly.
8 posted on 10/03/2021 11:31:43 AM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: RicocheT

I have been preaching for a long time that Facebook was a de facto monopoly/cartel—good to see the WSJ folks _finally_ figured it out...

We had these debates in the late 1800s and early 1900s—and it took the leadership, vision and courage of Teddy Roosevelt to “bust the trusts”.

I was really hoping we were going to see that in 2017....


9 posted on 10/03/2021 11:32:23 AM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: RicocheT

I never go on FB myself, but it’s monopoly power still does me harm because so many others use it constantly, and don’t even realize or care that they are being brainwashed.

Try as I might, I can’t insulate myself from the consequences of other people’s mistakes.

I feel that I am on a ship of FB fools, in the middle of the ocean, and it’s sinking.

Sure, since I never visit FB, it has no influence over me directly, and I can pat myself on the back for being so “wise”.

But the problem remains: I’m stuck in the middle of the ocean on this ship of FB fools.


10 posted on 10/03/2021 11:36:36 AM PDT by enumerated
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To: RicocheT
The WSJ site is pay-walled...

It's only paywalled if you click directly to it. If you paste the title into a Google search and then click on the Google link to it, you will get to the full article.

The trade-off is giving Google the hit versus reading the article.

-PJ

11 posted on 10/03/2021 11:42:41 AM PDT by Political Junkie Too ( * LAAP = Left-wing Activist Agitprop Press (formerly known as the MSM))
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To: Political Junkie Too; RicocheT
see post #3.

There is usually an archived version, or you can create one yourself, which is what I do these days for most paywalled content.

12 posted on 10/03/2021 11:45:51 AM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: RicocheT
More privacy laws and regulations are unlikely to solve the problems either. Facebook repeatedly pretends to support and champion privacy regulations, which it then ignores and violates. The company then pays the fines it incurs as a “cost of doing business.” One example: In 2019 the company announced it would pay a $5 billion settlement for violating a consent decree with the FTC that required the company to better protect the personal data of its users.

If jail time were included in the penalty, this disregard for the law might change.

-PJ

13 posted on 10/03/2021 11:51:11 AM PDT by Political Junkie Too ( * LAAP = Left-wing Activist Agitprop Press (formerly known as the MSM))
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To: RicocheT

The issue with Facebook is not that it is a monopoly. Even if it was broken into smaller business the social media piece would still be operating in violation of the 1964 Civil Rights Act.

Mark Zukerberg and the moderators of Facebook have a set of deeply held religious beliefs which are loosely known as “wokeness”. By denying access to people with different deeply held beliefs (i.e. traditional conservatives) they are violating the Civil Rights Act and should be held legally liable in court. This is also true for Google, Twitter, and any internet site that removes content or blocks users for purely ideological reasons.


14 posted on 10/03/2021 11:53:34 AM PDT by Dave Wright
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To: RicocheT

Facebook is among the oligarchs who STOLE (not “saved”) the 2020 Presidential election!!!!

https://time.com/5936036/secret-2020-election-campaign/

Anyone who says that it is a lie that that election was stolen is themself a great big liar!!!!


15 posted on 10/03/2021 11:54:20 AM PDT by Honorary Serb (Kosovo is Serbia! Free Srpska! Abolish ICTY!)
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To: upchuck

Pong

Freegards


16 posted on 10/03/2021 11:56:08 AM PDT by Ransomed
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To: kiryandil

thank you for that link I was unaware of for the WSJ (and others)

https://archive.vn/www.wsj.com


17 posted on 10/03/2021 11:59:23 AM PDT by algore ( )
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To: algore

after many years of disregarding facebook out of principle I found that I have to have a profile or I cannot view many local vendors that only have a facebook presence.

I made a dedicated virtual machine, and a vpn for it, got a proton email address and signed up with a random name.

a week later my account was suspended for violating their community standards, and if I wanted to get it back I would have to provide a copy of my drivers license.

Note that I had only used facebook to look at their marketplace 3 times for a few minutes, joined no lists and had posted nothing.


18 posted on 10/03/2021 12:07:01 PM PDT by algore ( )
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To: RicocheT

Why do people who write stuff in papers seem to be more believed or have a bigger voice than the rest of us who do not write stuff in papers?


19 posted on 10/03/2021 12:31:57 PM PDT by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
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To: RicocheT

Duh. Good morning, WSJ.


20 posted on 10/03/2021 12:57:28 PM PDT by Eleutheria5 (Hard times: hard men. Hard men: soft times. Soft times: soft men. Soft men: hard times)
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