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Comment by esoterica

Facebook and Twitter are absolutely not even close to being utilities. Utilities are essential services AND have monopoly power. Facebook and Twitter are neither essential services nor do they have monopoly power (there are a billion other websites you can post on, and the barrier to entry to creating your own website is close to zero).

Being big is not the same as being a monopoly. McDonald's is big, but they are not a monopoly because they have a lot of competitors. Regulating Facebook or Twitter as utilities would be as dumb as regulating Mcdonald's as if it were a utility.

parent esoterica 6 years ago

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