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by kennywinker
1257 days ago
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That's just wrong. It doesn't cost $1 billion to copy instagram, at most it'd cost a few million. By buying them, you not only get the app/feature set - more importantly you also remove them from the market as a competitor. This is exactly what we're seeing play out with tiktok. If FB could have bought tiktok, they would have - they couldn't, so they cloned it for far less than $1bil (fb reels) - but now we have a situation of two competing services that users can compare and contrast and prefer. The market it segmented. Which is bad for facebook's shareholders, but good for users, workers, and advertisers. This is exactly why we need good anti-trust |
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