Is Meta Trying to create Monopoly in Social Media Universe?

Question

From Facebook, Instagram, WhatsApp and now Threads, is Meta trying to Monopolise Social Media Industry across the Globe? What do you think, is it still possible to compete against Facebook, Instagram, WhatsApp Messenger and Threads by new Alternatives considering the user base they already have? What should be the strategies for a new platform to hype up similar to how Threads done by getting over 50 million users in a day...

Artsiom Hontar · Accepted Answer

Zuck just bet on Twitter fall with Mask. And it's an opportunity to grab the market.

Alec Nguyen · Answer

That's what he wants, simple business incentive. But yea, competitors exist, and consumers are very diverse now.

Chaitanya Badave · Answer

@artem_gontar Yes. But still it's just a matter of time as they have a large user base and sync different apps like FB, Threads, WhatsApp and Instagram to make them stand out.

Amulya Prasad · Answer

Yes. It seems so

Neha Khan · Answer

In general, the concept of a company attempting to create a monopoly in any industry, including social media, raises concerns about concentration of power and potential negative implications for competition and innovation. Monopolies can limit consumer choices, stifle competition, and have control over pricing and policies. However, it's important to conduct in-depth analysis of specific actions, market dynamics, and regulatory oversight to determine whether a company is actively pursuing monopolistic practices. Different stakeholders may have varying opinions on the matter, and public discourse and regulatory measures are often used to address such concerns and ensure a healthy and competitive marketplace.

Hashnimo · Answer

They can't be a monopoly because competitors aren't that stupid.

Is Meta Trying to create Monopoly in Social Media Universe?

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