Facebook Pursued A 'Buy or Bury' Strategy with Its Monopoly Power: Sally Hubbard

The video discusses the antitrust case against Facebook, focusing on its alleged monopoly practices through a 'buy or bury' strategy. It highlights the role of the Clayton and Sherman Acts in prohibiting such monopolistic behavior. The discussion includes Facebook's defense, the evidence against it, and the muted global reactions. The video also explores potential remedies, emphasizing the need for structural reform to ensure fair competition in the tech industry.

What strategy did Facebook allegedly use to maintain its monopoly power?

• Acquiring or burying competitors

• Improving customer service

• Lowering prices

• Innovating new products

Which acts are mentioned as legal frameworks against monopolistic practices?

• The Consumer Protection Act and the Trade Act

• The Clayton Act and the Sherman Act

• The Federal Trade Act and the Competition Act

• The Digital Markets Act and the Services Act

What is one reason for the weak enforcement of antitrust laws in the tech sector?

• High consumer satisfaction

• Strong lobbying by tech companies

• Rapid technological changes

• Lack of evidence

What is a potential outcome of the antitrust actions against Facebook?

• Complete exoneration

• Structural reform

• Behavioral modifications

• Increased fines

What is the main issue with behavioral remedies according to the discussion?

• They are too expensive

• They are difficult to enforce

• They have too many loopholes

• They have largely failed to work

What does structural reform aim to separate in tech companies?

• Customer service from operations

• Research from development

• Commerce from the platform

• Marketing from sales

Why is there a need for independent competitors in the social networking space?

• To reduce operational costs

• To provide more consumer choice and innovation

• To enhance data privacy

• To increase advertising revenue