Matt Levine’s Money Stuff: Meta Will Make Friends

Meta

I think a lot about the time that Mark Zuckerberg was hauled before Congress to answer questions about whether Facebook (now Meta Platforms Inc.) is a monopoly. He said:

We face a lot of competitors in every part of what we do, from connecting with friends privately to connecting with people in communities to connecting with all your friends at once to connecting with all kinds of user-generated content. … Congressman, the space of people connecting with other people is a very large space.

“See,” I wrote, “Facebook also has a tiny market share, if you define its market ...