Does This Prove Facebook is a Monopoly?!
Facebook’s Q3 2020 earnings indicated strong growth in ad revenue, eCommerce, and YOY DAU’s. Analysts expected the social platform conglomerate to earn $1.91 per-share, well below the posted $2.71 in per-share profit. Alex discusses how Facebook’s monopoly power negates the negative impacts smaller non-conglomerate platform players like Twitter run into when taking actions that users may disagree with.
This is an excerpt from episode 123 of Winner Take All. Watch the full episode here: youtu.be/FFrrD4YucgQ
Originally Aired: 11/03/20
#BigTech #FacebookBoycott #FacebookStock
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