[ishan1121]

Facebook is a one-man show. Zuckerberg owning 60% of the company and no one can say anything to him. Moreover, one man has the entire monopoly over our entire online social life. Other networks have come and failed. Anti Trust regulators should seriously open Facebook's file and break it.

[briandear]

> one man has the entire monopoly over our entire online social life

You chose that. I don't need Facebook/Insta/What's App to have an "online social life." Literally nobody is forced to participate in that nonsense. Use Snap, iMessage, Twitter, Pinterest, Reddit, Slack, IRC, 500px, Vimeo, Signal, email, SMS, phone calls -- there are plenty of options.

FB, Insta, What's App aren't the entirety of the social media universe. You can't be "mad" at Facebook and then continue to use it. That's a bit hypocritical. If this situation is really that important, then stop using those services! It seems like the same thought patterns seen in abusive relationships: he beats me, but I can't live without him. That's bullshit. Leave those platforms. You see it as a "monopoly" because you allow it to be.

[ishan1121]

I used to use Snapchat previously, but all my friends (school, college, etc) started posting on IG stories rather than on Snapchat. My snapchat became a ghost town, and I shifted as well.

Still active on Reddit, but its more of community than a tool for personal relations. Android user so no iMessage. Slack & IRC not good to connect with school friends.

What I mean to say is the country I am in Facebook has a complete monopoly in our social life. And I am sure even in the US people cannot leave FB ecosystem.

[a13n]

Mark owns less than 30% of Facebook.

[rubyn00bie]

Voting shares are real ownership.

[a13n]

No, they're voting shares... He owns the majority of voting shares, but they aren't worth the majority of the value of company, and therefore he doesn't "own the majority of the company".

[rubyn00bie]

I think the shares people buy without voting rights are not ownership, they are a weird financial instrument that should flat out be illegal. If you honestly think he doesn't own the company, despite having full uncontestable control of all it's resources, I believe you're one of the many to have been duped, friend.

[mikeash]

If you count by shares, yes. But his stock gets more votes, so he owns 60% of the votes.

[ImprovedSilence]

Just to be a pedantic asshole, but I’m pretty sure he only owns 53% of voting shares.

[mikeash]

The article I found said 60%, but that could easily be wrong or just out of date.