Zuckerberg struggles to name a single Facebook competitor

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?

www.theverge.com/2018/4/10/17220…sey-graham

There are no competitors in a state-sponsored monopoly.

 

KJ

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