EU antitrust official Vestager: We must act now against Facebook

18 comments
  1. Sure, but I bet they won’t do anything to really address the real problem, just more pocket-change fines and “don’t be naughty” admonishments. The thing propping up the “evil” mega-corporations like Facebook, Google and Microsoft is intellectual monopoly law itself, enabled by the EU among others. Strip facebook of all their copyrights, patents and trademarks EU-wide and see how long they last here. The EU’s continued idiotic ideological commitment to intellectual monopoly is a major part of the problem. We need to restore actual free-market capitalism, it’s a quite fragile thing that’s by now been almost completely subverted via regulatory capture by corporations and the politicians that serve them.

    http://www.dklevine.com/general/intellectual/againstfinal.htm

  2. No. You should’ve acted against these megalomaniacs years ago, before the USA decided to treat megacorporations as COUNTRIES that we cannot control, rather than private organization which we can control.

    You’re a bit late, Europe. Good luck.

  3. Facebook is nothing in comparison to Google, which is the main culprit. Apple could wreck Facebook by banning their app in the app store. Personally, I don’t even use Facebook because its UI’s so outdated I can barely find anything. It’s just as bad as e-bay’s. Besides, its user base is shrinking. So overall Facebook is trash. The only good thing about it is messanger.

  4. Best way for Europe to compete would be to stop letting their best and brightest leave for America. That would require Europe to actually be a desirable place to live, but unforunately Europe is too poor to afford it’s own homegrown capable engineers and scientists, so the braindrain continues. Low wages = low productivity.

  5. I guess, they are going after Facebook, because it is dying anyway.
    But then just ban them all. It would be nice and healthy to have a bit of competition for Google, Apple et al. They were good in the beginning, but now that they are quasi-monopolies they don’t bring anything positive to the world. The European monopoly-watchdogs should have stopped thier behaviour a long time ago, but alas, they didn’t do their job right.

  6. You shouldn’t waste time fighting against, but more like actually working to create your own Digital Giant.

    India, Russia, China, The US, South Korea and Japan do that but The EU is nowhere to be seen here.

  7. >”We also need to regulate much tighter if we are dealing with someone whocan have an immense influence both on mental health, but also how ourdemocracy develop”

    I’m afraid that this won’t get far. Mental health is not just a problem with Instagram, Whatsapp or Fb, it’s an issue with social media as a whole. Any regulation that would be targeted to Facebook with the goal to improve mental health will also apply to Reddit, Youtube, Twitch, Tik Tok, Telegram or Snapchat (among others). The other problem is that the studies behind social media or internet addiction often lack scientific rigor, making it harder to regulate based on something that is not well understood yet.

    As for misinformation and trolls (note that Reddit has a much bias as Facebook), it’s another difficult topic to regulate. The line between content moderation and free speech is not clear. Enforcing more moderation would lead to Reddit moderating comments or closing down more subreddits that are deemed “unstable for the political order”.

  8. Better late than never, I guess, but maybe you should be taking a close look at a couple of – more like a dozen, actually – other big players while you’re at it?

  9. I’d much rather regulate the news industry. Regulating, mandating and defining what can be called news while having them display monthly created rankings of factuality/retractions and a general trustworthy indicator front and center and before every article.

    Maybe only for specific categories but tabloids will still have to display a “we are not news” sign next to their kardashian cover and talk show hosts will have a constant banner, “PERSONAL OPINION” or something like that.

    So everyone knows what is what and if facebook doesn´t change their feed in a way that the random retweets of shady one time news or blogposts are interpreted as news, they will have hell to pay.

    This secures freedom of speech while, also ensuring proper,factual and neutral news coverage, while not having to fight the strong facebook lobby on policies while achieving more than one goal over multiple industries and companies. And actually address the problem.

    Especially since policy makers have no clue about tec, so them regulating or defining what facebook is, does or has to do is kinda ridiculous and will only result in more BS that in the end will solve nothing. So them setting a rule framework that requires FB to regulate themselves or pay fines will do much more.

  10. >”We also need to regulate much tighter if we are dealing with someone who can have an immense influence both on mental health, but also how our democracy develops,”

    At this point “protecting our democracy” has become a red flag for me.

  11. EU can regulate all it wants but facebook has the market and it will dictate the terms.All this moaning and whining probably gets some of them hard.By hard ,i mean erect phallus.

    I don’t want to pass judgement but by this photo alone ,Vestager probably gets erect

  12. EU Antitrust doesn’t fuck around if it starts going, they fine based on % of revenue, scaling lol

    Now if it actually starts going…One of these days…?

  13. It’s crazy that you allowed our tech companies to completely penetrate your societies. You can be sure that NSA has a file on every single one of you. The domination of our tech companies will serve us well into the future. Sux to be you.

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