Sen. Lindsey Graham: Who’s your biggest competitor?
Mark Zuckerberg: Uh, senator, we have a lot of competitors.
LG: Who’s your biggest?
MZ: The categories… do you want just one? I am not sure I can give one but can I give a bunch? There are three categories that I would focus on. One are the other tech platforms: Google, Apple, Amazon, Microsoft, we overlap with them in different ways.
LG: Do they provide the same service you provide?
MZ: In different ways.
LG: Let me put it this way. If I buy a Ford, and it doesn’t work well, and I don’t like it, I can buy a Chevy. If I’m upset with Facebook, what’s the equivalent product I can go sign up for?
MZ: Well, the second category I was going to talk about…
LG: I’m not talking about categories. I’m talking about real competition you face. ‘Cause car companies face a lot of competition. They make a defective car, it gets out in the world, people stop buying that car, they buy another one. Is there an alternative to Facebook in the private sector?
There are no competitors in a state-sponsored monopoly.