Facebook's third-quarter earnings estimated that more than 2.1 billion people now use Facebook, Instagram, WhatsApp or Messenger daily; more than 2.7 billion people use at least one of its services each month.
"There would be no reason for the company not to fight it," Kelly said at the CNBC Technology Executive Council summit in New York on Tuesday. In June, the Federal Trade Commission opened an antitrust investigation, and in July, the Department of Justice said it would begin an antitrust review. Facebook would be even more worried about antitrust scrutiny if Democratic candidate for president Elizabeth Warren ultimately beats Donald Trump. But should it be?
"When she [Elizabeth Warren] comes out and says platform companies need to be broken up, she has to pass a new law," Kelly said at thesummit in New York on Tuesday. "I represented Netscape against Microsoft and I know how to throw bombs at tech companies that are acting like monopolies. It's hard to say they [Facebook] have a monopoly in a relevant antitrust market. If you want to define social marketing as antitrust, good luck," Kelly said.
Was he laughing and twirling his handlebar mustache as he said it?
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Source: CNBC - 🏆 12. / 72 Read more »