Zuckerberg on Why Facebook Should Get to Operate like a Monopoly: Because China – By Ryan Bort (Rolling Stone) / July 27 2020
The Facebook CEO plans to argue to Congress on Wednesday that his platform’s dominance is essential to America’s market leadership
Mark Zuckerberg will hop on perhaps the most scrutinized conference call of his life on Wednesday to testify, via video, before the House Judiciary Subcommittee on Antitrust. For more than a year, the committee has been investigating potentially monopolistic practices by tech giants, and the Facebook CEO — who will testify alongside Amazon CEO Jeff Bezos, Apple CEO Tim Cook, and Google CEO Sundar Pichai — has some explaining to do.
Zuckerberg seems to have settled on an explanation, albeit a stupid one.
According to Bloomberg, the Facebook CEO plans to argue that any efforts to hold the company accountable for potential violations of antitrust law would be misguided, as it would give a market edge to China. “Zuckerberg plans to portray his company as an American success story in a competitive and unpredictable market, now threatened by the rise of Chinese social media apps around the world,” the report reads.