CNN's Jarrett Bellini asks what would a break up of facebook look like. He says it could be done in court or congress, but there are problems with the market definition. The idea is that right now there's one railroad to get to face books audience. You have four railroads. That's better than one, right?Bellini: My guess is that you probably need to split up the firm into maybe fo oro five different firms.
Whether we call it Facebook or the recently coined Meta, the Silicon Valley tech giant founded by Mark Zuckerberg has rarely been out of the headlines since its inception over a decade ago and rarely have those headlines been good news. From Cambridge Analytica to the United States Capitol attack, the company's utopian ideals of connecting up society seem to often have the opposite effect. However, millions of people use it to lead their daily lives, from staying in touch with each other to building businesses on its networks. Is it time to break up Facebook? To find out, economist and broadcaster Linda Yueh is joined by Matt Stoller, Director of Research at the American Economic Liberties Project and author of Goliath: The Hundred Year War Between Monopoly Power and Democracy, and Sinan Aral, Professor of Management, IT, Marketing and Data Science at MIT, and author of The Hype Machine: How Social Media Disrupts Our Elections, Our Economy and Our Health – and How We Must Adapt.
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