Subverse has a major video explaining the Antitrust
scrutiny hearings before the House of Representatives on Tuesday July 16.
CNBC Television has the full 3+ hour video here.
A major idea is that even the subsidiaries of Facebook
(like WhatsApp and Instagram) would be powerful on their own.
Another idea is that breaking up the companies would
not solve all the privacy problems, which more related from the business models
themselves.
Lior Leser (YouTuberLaw) has a complaint before the
Federal Trade Commission regarding possible collusion among payment processors
and platforms last winter in conjunction with Patreon.
The idea of network neutrality was mentioned in the
meetings, along with the idea that telecom companies might soon start to feel
emboldened to charge more for premium services affordable only to really big
companies already.
There has not been another social media startup since
2011 with SnapChat, which I don’t use.
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