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Zuckerberg on Why Facebook Should Get to Operate like a Monopoly: Because China (Rolling Stone)

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Facebook CEO Mark Zuckerberg speaks about "News Tab" at the Paley Center, Friday, Oct. 25, 2019 in New York. The new feature in the Facebook mobile app will display headlines — and nothing else — from the Wall Street Journal, the Washington Post, BuzzFeed News, Business Insider, NBC, USA Today and the Los Angeles Times, among others.(AP Photo/Mark Lennihan)

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.

Continue to article: https://www.rollingstone.com/politics/politics-news/mark-zuckerberg-facebook-antitrust-hearing-1034575/

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