Mr. Graham, Congress: "Is there an alternative to Facebook?"
Mark Zuckerberg: "A lot of services overlap with ours,"
Mr. Graham: "Don't you think that you have a monopoly?"#DeleteFacebookNow #Facebook #Congress #Zuckerbergtestimony pic.twitter.com/VyY6or1IQk
— AMEinfo (@AMEInfonews) April 10, 2018
We have Facebook, WhatsApp, Instagram, LinkedIn, Twitter, etc., but we couldn’t find out what the other three were. Now if you look closely, Facebook already owns 60% of social media app usage.
A true monopoly?
“Social media has a competition problem, and its name is Facebook. Today, Facebook and its subsidiaries are over ten times more valuable than the next two largest social media companies outside China—Twitter and Snapchat—combined," Electric Frontier Foundation (EFF) said.
Last week, Facebook announced that, along with Twitter, it was joining Microsoft's and Google’s data portability initiative, the Data Transfer Project (DTP).
Thanks to the “network effects,” every user who joins a social network makes it more valuable for advertisers and more useful to everyone else. Without some access to the data that Facebook has, it’s virtually impossible for upstart platforms to compete with the giant.
This leads to appointing Facebook as a keeper and “protector” of the world’s data, and we all know how bad that went.
Facebook should let its users take control of their own data (is it not ours anyway?).
It already recognizes that it is under pressure to improve its data portability, which might be the reason why the company opted to support DTP.
2- Open up its platform policy to enable competitors, cooperators and follow-on innovators. Allow developers to use Facebook’s APIs for software that modifies or competes with the core Facebook experience.
3- Interoperate with the next generation of social networks via open standards. Adapt Facebook’s APIs to use the W3C’s social web protocols where appropriate, and allow access to federated services like Mastodon to work with Facebook as partners.
Overall whether this project will be boycotted or endorsed by Facebook, to keep its dominance over the bank of data it has on its users, is a sight that we will be carefully monitoring.