this post was submitted on 19 Jan 2025
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Meta Shatters Lobbying Record as House Passes TikTok Ban: Instagram owner Meta spent more than ever on lobbing Congress and the White House as legislation to potentially ban its competitor TikTok (readsludge.com)
submitted 1 day ago by fossilesque@mander.xyz to c/technology@lemmy.world
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[–] tja@sh.itjust.works 75 points 1 day ago (2 children)

The reason we have a Chinese competitor that we cannot directly control is that Meta is buying up every promising US platform and shutting it down. Or just trying to copy it so that the competitor does not get enough users

[–] coherent_domain@infosec.pub 40 points 1 day ago* (last edited 1 day ago) (1 children)

As if anti-trust law doesn't exist. It is crazy to me nowadays, most tech startup's goal from the very start is to sale to a big tech competitor. This certainly should have anti-trust implications.

[–] bokherif@lemmy.world 14 points 13 hours ago

Nope. The legal system is pay to win.

[–] mac@lemm.ee -5 points 1 day ago (2 children)

What platforms has meta bought and shut down?

I can think of zero examples myself.

[–] suigenerix@lemmy.world 26 points 21 hours ago

CrowdTangle, MetaSpark, Moves, Onavo, Bump, Parse, etc

[–] LifeInMultipleChoice@lemmy.world 9 points 21 hours ago (2 children)

Not sure, most of the companies they buy they claim are to acquire their workers. They've bought over 90 companies from what I saw in a quick search.

[–] Snapz@lemmy.world 3 points 6 hours ago

They buy to acquire IP and shutter competition gaining market share. Any employees are typically systematically let go or driven to quit intentionally within 6 months to a year.