[paintman252]

>Facebook and Google do too many things.

Google? Definitely. Meta? Not really. All Meta has is two social networks and one messaging service. They haven't really experienced huge success in anything else. They MAY hit big in VR/AR space, but that's yet to be determined.

[WastingMyTime89]

> All Meta has is two social networks and one messaging service.

And a payment service, an ad platform, a marketplace, a VR R&D company, I never used them but I guess they also have a line of business services centred on social network communication, I’m probably forgetting plenty of things.

[capableweb]

Facebook is approaching 100 acquisitions: https://en.wikipedia.org/wiki/List_of_mergers_and_acquisitio...

Feels like a lot and not just three entities.

Additionally, Facebook primarily does acquisitions as a form of hiring, according to Mark Zuckerberg himself. They buy the company so they can get the employees to come and work at Facebook.

[paintman252]

Sure, they OWN a bunch of stuff, but (besides Facebook/Instagram/Whatsup) none of it is a massive success.

It's not like Google which has 1)Search 2)YouTube 3)Maps 4)Android 5)Chrome 6)Gmail 7)Analytics just from top of my head

[capableweb]

Oculus VR, Giphy, Mapillary and more are also successful in their space.

Just like Google's successes, the "successes" are actually built by others (almost all you list were acquisitions), but the difference (as mentioned before) is that Google sometimes acquire products for the product itself, while Facebook generally doesn't.

[xphos]

They still would definitely met the standard of a monopsony if not a monopoly. Its scary that an enormous number of people start and stop the information searching at google or those two social networks. I think its an oversimplification to say that just breaking them will solve the issue but they definitely handle a governmental level of power in terms of social after effects, which is why nation states target them for fake news.

[lotsofpulp]

Which market are they a monopsony (only one buyer) in?

[eppp]

On one hand you say they are so important they need to be nationalized and on the other you dismiss them as almost a couple of trivial apps. Which one is it?

[sgc]

Just social networking services? Modern social interactions revolve around them. Social networks are incredibly important and should be treated as such.

[bilekas]

Just did a check to see their subsidiaries and they actually have way more than I expected :

https://inspirationfeed.com/what-companies-does-facebook-own...

[unity1001]

> All Meta has is two social networks and one messaging service.

They literally dominate the social network landscape along with Twitter. They can literally set public agenda. That's too much power.