[BLANK AUDIO] Seems that the new cause of the day is calling to break up Facebook.
Two of the latest prominent figures to jump on this bandwagon are Facebook co-founder Chris Hughes and president candidate Kamala Harris.
Let's step back for a second here and ask Alfred, what are some of the reasons offered to break up this company?
I mean the biggest reason a lot of people have been arguing is Facebook is way too big for its own good, there's issues with them owning Instagram and WhatsApp, a lot of people, I've always seen these Facebook statuses I'm leaving Facebook but you can still find me on Instagram and it's kind of like There is still owned by his company and it's frustrating.
Like you might be going from drinking you know soda to diet soda.
But at the end of the day it's like all your money is still going to them right.
So there's this huge concern that they are like a monopoly in social networking.
We'd like what exactly like what are their competitors you've got so you've got snapchat but yeah you're right.
Like the other ones are still much smaller.
Facebook, in their defense, has said that they're not a monopoly.
And they don't say that Twitter or Snapchat is competitors though.
They say they're competing with Google, and Amazon, which are not social networks.
So, it's interesting that that's what Facebook views as its competitors.
Anytime they mentioned there are, the average person has about ten different apps on their phones and like Facebook is only one of them or something like that.
The problem is that they always ignore the fact that there's Facebook, then there's the Instagram app, then there's a What's App app, and there is Facebook messenger.
Then if you really want to get into is also like Facebook lite if you don't want to use the Facebook app so They might not be a monopoly in the sense of you know Facebook itself but I think that's why there's a call to break it up.
There's so many things that Facebook owns that even though the average person has.
Ten apps on their devices, half of those are from Facebook.
All right, but let's think about this.
What is really the likelihood that anything even close to that would actually happen?
I mean, it's possible.
I mean, GE broke up, and I think-
AT&T broke up.
Yeah, I think they're trying to make that kind of argument for Facebook now.
I don't know why they point to Google and Amazon as their competitors.
So probably from digital advertising-
I would say.