Strap in, folks! Meta is pulling out all the stops in its ongoing antitrust drama, and who better to call for backup than Walmart’s former chief economist? Yep, you heard that right.
John List, a big brain from the University of Chicago and ex-economist at Uber and Lyft, is now strutting his stuff in court. His mission? To throw a proverbial wrench in the FTC’s gears as they define personal social networking. Forget all that ‘friends and family sharing’ nonsense—they’re not really that relevant, according to List.
His latest claim? That MeWe, one of the so-called competitors in this digital soap opera, is about as economically important as a chocolate teapot. Spoiler alert: It’s not. So, while Meta’s legal team gets busy trying to paint a picture of an expansive marketplace where everyone’s invited to the party, List is there with a party hat, insisting that the small players are just crashing and burning in the corner.
Stay tuned, folks. This legal thriller just keeps getting better!
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