[Const-me]

> I’m just not sure that I agree that a network effect is monopolistic.

A natural monopoly is a monopoly in an industry in which high infrastructural costs and other barriers to entry relative to the size of the market give the largest supplier in an industry, often the first supplier in a market, an overwhelming advantage over potential competitors.

Source there: https://en.wikipedia.org/wiki/Natural_monopoly

A social network is very similar to railroad network, electricity distribution network, or landline phone network. Yet we allow Facebook or Youtube to do whatever they please with the servers they own, while regulating the hell out of the older ones.