Private companies have to comply with the law, including competition (anti-trust) law. When you control over 2/3rds of the online advertising market you can't do whatever you want. You especially can't act in a monopolistic way against competitors.
I understand what you're saying. Facebook is definitely a company I'm not a fan of and it is certainly very large. Their latest earnings suggest they are far from an invincible monopoly though. At the start of my video above I explain that people are leaving the platform for alternatives. It supports the argument that real monopolies don't exist unless they're govt enforced, because new players constantly enter the space as technologies evolve.
I like that you're trying to fight back, it's definitely admirable, because a lot of people have been hurt by the ban.
I don't agree that government should be involved though.
Its true that Facebook is not invincible and that people are moving to other platforms.
But this is a war to regain our online freedom, privacy and right to profit from our own content. In a war you need to use ALL the weapons you have available.
The other side is fighting back with censorship, creating Facebook blockchain apps and other nefarious means.
Victory is not assured and history is sadly littered with examples of repressive regimes winning.
This class action can weaken Facebook's financial and moral standing and strengthen that of the Crypto Industry so that alternative platforms, like Steemit, can take over.
Because they have become too powerful and are abusing that power.
When "better" is crushed by "big" the people lose.
That's why is crucial to use the Courts and competition law to level the paying field so "better" can win.
Further to this discussion, I just posted a link to an excellent interview with Ezra Levant where he discussed why a pure libertarian approach (just build a better "x") cannot work in situations like we currently have with the Tech Giants. He talks about how this is reminiscent of the monopolies J D Rockefeller had with Standard Oil and owning the rail, the steel and the coal mines.
This class action is private litigation. Its not really involving the government, unless you count use of the Courts for private litigation as involving the government?
Private companies have to comply with the law, including competition (anti-trust) law. When you control over 2/3rds of the online advertising market you can't do whatever you want. You especially can't act in a monopolistic way against competitors.
I understand what you're saying. Facebook is definitely a company I'm not a fan of and it is certainly very large. Their latest earnings suggest they are far from an invincible monopoly though. At the start of my video above I explain that people are leaving the platform for alternatives. It supports the argument that real monopolies don't exist unless they're govt enforced, because new players constantly enter the space as technologies evolve.
I like that you're trying to fight back, it's definitely admirable, because a lot of people have been hurt by the ban.
I don't agree that government should be involved though.
Its true that Facebook is not invincible and that people are moving to other platforms.
But this is a war to regain our online freedom, privacy and right to profit from our own content. In a war you need to use ALL the weapons you have available.
The other side is fighting back with censorship, creating Facebook blockchain apps and other nefarious means.
Victory is not assured and history is sadly littered with examples of repressive regimes winning.
This class action can weaken Facebook's financial and moral standing and strengthen that of the Crypto Industry so that alternative platforms, like Steemit, can take over.
Why do you want to weaken their standing? Build something that's better
Because they have become too powerful and are abusing that power.
When "better" is crushed by "big" the people lose.
That's why is crucial to use the Courts and competition law to level the paying field so "better" can win.
Further to this discussion, I just posted a link to an excellent interview with Ezra Levant where he discussed why a pure libertarian approach (just build a better "x") cannot work in situations like we currently have with the Tech Giants. He talks about how this is reminiscent of the monopolies J D Rockefeller had with Standard Oil and owning the rail, the steel and the coal mines.
See https://steemit.com/informationwar/@apshamilton/excellent-interview-discussing-big-tech-censorship
This class action is private litigation. Its not really involving the government, unless you count use of the Courts for private litigation as involving the government?