Comment by 3np
Comment by 3np 4 days ago
So briefly, Zuck is arguing that the social media which was Facebooks main business of 2010s no longer exists and that Facebook has now pivoted to generic content consumption, competing with YouTube, TikTok, Reddit etc.
The article says FTC is in a bind here.
IMO it's veey simple: Yes, FB shifted their focus and are now a content hose. They still have monopoly on some market(s) - not where they are competing with e.g. TikTok. Local events, marketplace, genuine personal social networks.
That doesn't mean that they don't also compete with TikTok elsewhere, where further market consolidation could be a concern.
Anyone who uses instagram should be abundantly aware of this. The default behavior of the app became "Serve you all content we think you would like, in the order we think you would enjoy it". This pretty much means "You may or may not see the content of channels/people you specifically follow".
The app went from just showing you a stream of posts from people you follow, to just showing you a stream of posts it thinks you would like.