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'You don't think you have a monopoly?' Read Sen. Graham's delightful grilling of Zuckerberg

'You don't think you have a monopoly?' Read Sen. Graham's delightful grilling of Zuckerberg
From TechCrunch - April 10, 2018

Todays testimony by Mark Zuckerberg in front of a Senate joint committee was often boring or redundant with previous statements. But there was an exchange near the two-hour mark that was pleasantly refreshing: Senator Lindsey Graham (R-SC) doggedly pursuing a common-sense answer from Zuckerberg on the question of whether it had any real competition.

Graham doesnt let Zuckerberg employ his spin on the admittedly complex question of what Facebookscompetitors are. Demanding a simpler answer by employing a folksy car-buying metaphor, he makes it clear that at least from one perspective, Facebook is more or less without a real competitorwith the possible exception of Instagram, which it of course opted to buy for a fortune rather than allow it to exist as a credible rival.

The Senator also makes it clear that he doesnt think Facebook should be allowed to self-regulatebut his invitation to Zuckerberg to collaborate on rules sure sounds like he wants the company to have a say in how it should or should not be bound by law.

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