Judge dismisses FTC and state antitrust complaints against Facebook
The court says that the FTC didn't factually establish that Facebook has sufficient market power to qualify as a monopoly (as I understand it).In a certain market, Facebook + Instagram have great market power, but it depends on how you define the market. I'm curious if anyone has done it, maybe financial analysts, and how they define it:* If the market includes public messaging, such as Twitter, then Facebook's power is relatively much diminished.* If the market includes public forums, such as Reddit, HN, and every phpBB board, then it's hard to say Facebook controls monopoly power.* LinkedIn provides similar service to professionals* Where does Pinterest fit? TikTok?Part of the problem is that Facebook competes in all these markets. In which one(s) do they have a monopoly and how are they defined? 'Personal user page + social communication'?