NetChoice, ITIF Try to Dispel Tech Monopoly ‘Myths’
About half of American youth don’t use Facebook, and user time there declined about 20% since 2015, NetChoice reported Thursday. Social media competitors include YouTube, Snapchat, Twitter, Pinterest, TikTok and Parler, the report said. It listed digital ad competitors like…
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Google, Amazon, AT&T, Verizon, Comcast and the Rubicon Project. “There is no antitrust case against Facebook,” NetChoice Vice President Carl Szabo said. “Instead, Facebook has benefited users, advertisers, and publishers.” Fears about internet dominance are misplaced, the Information Technology & Innovation Foundation said. Amazon, Apple, Google, Facebook and Microsoft have less than 20% of S&P 500 value, ITIF said. In the early 1960s, the top five share was more than 30% among General Motors, Ford Motor, General Electric and two companies that are now ExxonMobil.