Will Facebook, Google And Instagram Face Penalties For Becoming Monopolies? | The Odyssey Online
Start writing a post
Politics and Activism

Will Facebook, Google And Instagram Face Penalties For Becoming Monopolies?

Like how Rockefeller's Standard Oil was broken up, we could see the same thing with tech companies.

54
Will Facebook, Google And Instagram Face Penalties For Becoming Monopolies?
NeONBRAND

It might sound like a strange question; how could big tech companies like Google, Facebook or Amazon be in trouble? They're some of the most valuable companies in the world, they've got enough money and power to do anything if they wanted. Well, not actually.

Facebook and Google have pretty strong control over what you see online, which leads them to have a lot of power. We saw a prime example during the most recent presidential election and the investigations into Facebook over Russia buying ads influencing voters. We can see it on Google and their ability to push something down in search results, ensuring it will not be seen by many. Amazon has power over which companies can sell more products, and at what price. All this is quite a lot of power. These company's enormous wealth also gives them power, but mainly the ability to buy out the competition.

For instance, Facebook has bought Instagram and What's App within the last five years. Both these apps were considered competitors and therefore bought and brought onto Facebook. Google has done it with ad placing companies and Amazon can put stores out of business through their online wholesale and retail. This all sound like the qualities of a monopoly, which is bad news for these giants.

The government is beginning to look at whether these companies should be broken up, like AT&T in recent years and Rockefeller's Standard Oil Company. Both of which had monopolies on their respective markets and both were disbanded by the government. It is not out of the question for Facebook to be ordered to disown Instagram and What's App and allow them to be their own entities again.

A major reason for a break up of these companies is for the intended reason of why the government breaks up monopolies: market fairness and equality of opportunity for companies. Perhaps the bigger reason for this break up is that while these companies make huge sums of money, they pay far less in taxes. I'm no accounting major, but I do keep up with the news and it seems as though once a week I see a headline that mentions one of these companies being fined for not paying taxes, either in the US or in other countries.

So if these companies were to break up, what does that mean? Well, for those of us who enjoy Facebook or Instagram, we might see each social media outlet change its course in the basic way it functions. The main reason for Instagram stories is because of Snapchat, which refused an offer from Facebook to be bought out. So Mark Zuckerberg, being a kind-hearted businessman, vowed to destroy Snapchat as soon as possible.

However, if we saw Instagram become its own entity again, it may move away from Instagram stories and move towards some function that its original owners envisioned. It would look a little different for Google and Amazon, as I am less familiar with the interrelations between them and the companies under them.

In any case, if these companies were to be broken up, it may lead to more good in the interweb. It would lead to, at the very least, more compeitions between businesses, which is always good for us consumers.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Student Life

8 Things I Realized After My First Semester In College

Actually, Kylie Jenner, 2018 is the year of realizing things.

131
Friends

The first semester of college is famous for being one of the most difficult transitions of one's young adult life. You're thrown into a completely new area where the majority of the people surrounding you are strangers in an academic environment that's much more challenging then what you've grown accustomed to for the past twelve years. On top of that, you probably share a room with another person (or even multiple people) on the lumpiest "mattress" you've ever slept on.

With this change comes a lot of questions: what do I want to major in? What am I passionate about? Is what I'm passionate about something I'm actually good at? Why does the bathroom smell like cranberry juice and vodka? What is that thing at the bottom of the shower drain?

Keep Reading...Show less
girls with mascot
Personal Photo

College is tough, we all know. Here are 8 gifs you will 99% relate to if you are in college.

Keep Reading...Show less
Student Life

7 Things College Has Taught Me

Other than knowledge and all those important things

454
7 Things College Has Taught Me
We Know Memes

So, college is the place where you're supposed to learn all of these amazing life skills.

Here are the top seven skills I have learned thus far.

Keep Reading...Show less
college

College is some of the greatest years of anyone's life. Its a time to be outrageous, different and free; a time to do everything you were afraid to do. Here are 38 things you will learn during your four (maybe, five or six) years in college!

1. As a freshman, one does get to be called “freshman” by upperclassmen when they walk to parties in a mob of people.

Keep Reading...Show less
Adulting

6 Unrealistic Expectations Society Has For Young Adults

Don't let the thesaurus-inspired vocabularies in our résumés fool you. We're actually just big kids.

3095
boy in adult clothes

Well over four feet tall and 100 pounds in weight, many of us "young adults" of the world still consider ourselves children. Big, working, college-attending, beer-drinking children. We may live on our own, know how to cook noodles, and occasionally use a planner, but don't be fooled; the youthful tendencies that reside within us still make their way into our daily lives. From choosing to stay up until 3:00 a.m. playing video games on a school night to going out in 30 degree weather without a coat, we still make decisions that our parents and grandparents would shake their heads at in disappointment. So why are we expected to know exactly how to be a wise, professional, sensible adult? It's not that we're irresponsible (for the most part, anyway). It's that we are young, inexperienced, and still have the sought-after, enthusiastic mentality that we can do and be whatever we want, which has not yet been tarnished by the reality of the world. These are just a few of the unrealistic expectations that society has for young adults.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments