UK watchdog’s action against Facebook over Giphy prove it has teeth
Big tech has two faces. One face presents a new form of company: inclusive, socially liberal, very much with the zeitgeist, supporting the Democrats rather than the Republicans, and different from anything that has gone before.
Strip away the makeup and a different face appears: the face of a monopoly seeking to protect itself from rivals. Over the years, the giants of Silicon Valley have used their financial clout to buy up smaller companies that might pose a threat to their market power.
Facebook’s acquisition of the online image platform Giphy was simply the latest example of big tech gobbling up the competition, because in their time Amazon, Google and Apple have all adopted the same tactic. This is not a new form of capitalism: it is the
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