Article 6D15R Thanks to Threads, Meta just got bigger. Should we be concerned? | Niamh Dunne

Thanks to Threads, Meta just got bigger. Should we be concerned? | Niamh Dunne

by
Niamh Dunne
from US news | The Guardian on (#6D15R)

The growing size and market dominance of Facebook's parent company is coming under greater scrutiny from the US, UK and EU

Meta Platforms launched its Threads app earlier this month. In less than five days, it had 100 million new users, surpassing ChatGPT's recent record as the fastest-growing online platform in history.

The company that owns the Facebook, Instagram and WhatsApp platforms has long faced competition law scrutiny over its acquisition and exercise of market power. It has a history of aggressively acquiring promising new competitors and folding them into the Facebook family before they can pose a realistic threat to the company's market dominance. Indeed, the Meta chief, Mark Zuckerberg, even tried to buy Twitter, twice, more than a decade ago.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://www.theguardian.com/us-news/rss
Feed Title US news | The Guardian
Feed Link https://www.theguardian.com/us-news
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2024
Reply 0 comments