The Business Post’s view: Facebook case goes to the heart of free market ethics
The century-old anti-trust law may not bear the weight of a contemporary case, but the FTC is right to pursue it in the public interest
Few companies in the history of capitalism have grown so fast, or become so ubiquitous, as Facebook. The social media giant is an inescapable part of the daily lives of billions of people. It has grown from nothing 16 years ago, when it was created as a means for friends and family to connect online, to be valued on the stock market today at $800 billion.
As Facebook grew, mainly through acquisitions of would-be competitors, market regulators...
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