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The Crash A weekly newsletter helping you fit together the pieces of the global economic slowdown. Select and enter your email address Morning Call Quick and essential guide to domestic and global politics from the New Statesman's politics team. The company has nearly three billion users and owns four of the five most popular social networking platforms, having acquired WhatsApp and Instagram and spun off Facebook Messenger into its own app. The US Federal Trade Commission announced on 9 December that it was suing Facebook for illegally monopolising the personal social networking market. Today, it is not just US senators who are worried about the company’s anticompetitive practices.

But over the subsequent two and a half years, the company’s market power has become an ever greater source of concern for politicians and regulators. When Mark Zuckerberg testified before the US Senate in October 2018, the Republican senator Lindsey Graham asked him if he thought Facebook was a monopoly. “Certainly it doesn’t feel like that to me,” Zuckerberg replied in a notably limp rebuttal.Īt the time, Facebook and its executives were still reeling from the fallout of the Cambridge Analytica scandal, and the primary criticisms of Zuckerberg’s empire concerned data privacy.

Facebook instagram and whatsapp outage