Article by Zahra Makda
Big tech giant, Facebook is being sued by the US in an attempt to force the company to sell assets such as Instagram and WhatsApp.
Competition regulators have concerns over big tech firms like Facebook, Google, and Amazon. Some think that they are exploiting their competitors and have harmed consumers in the process, instead of competing and innovating their products. Defenders of tech think people are worried these firms are getting too big and want to stop that from happening.
The US believe that Facebook dominates too much of the market and stifles competition from other businesses. Defending themselves, Facebook says that “antitrust laws exist to protect consumers and promote innovation, not to punish successful businesses.”
Interesting arguments from both sides – what do you think?