So, Meta’s been busy pivoting to Reels like it’s trying to spin its way out of an antitrust pickle, right? But let’s not kid ourselves: this transition doesn’t magically erase its monopoly power.
Picture this: Meta claims that sharing cat memes and vacation pics with friends is just a small part of its business now. It’s all about that TikTok competition, baby! But hold your horses; just because they add a new feature (or four) doesn’t make their other products suddenly irrelevant.
As Hemphill says, a monopolist can leverage its existing power in one area to snatch up market share in another—even if their new offering looks like a toddler’s finger painting compared to competitors’ masterpieces. So while Meta dances to the beat of Reels, let’s keep an eye on its monopoly moves. They aren’t fooling anyone here, folks.
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