Hacker News new | ask | show | jobs
by Slansitartop 2986 days ago
> Sen. Lindsey Graham (R–S.C.) asked whether Facebook had any major competitors. Zuckerberg tried to explain that the company competes across different categories related to Facebook's several main functions—as a tech giant, against Google, as a social media site, against Twitter, and so on—which led Graham to fret about Facebook being a monopoly and thus incapable of self-regulation.

IIRC, Graham had a good point. At his point, Facebook has no real competitors that offer an equivalent service.

To continue the analogy from the question: Zuck's dodge was a lot like a monopolist automaker trying to pass off Sony as a competitor because they both sell products with AM/FM radios.