Name: Mark Zuckerberg told Congress that Facebook is not a monopoly. But in 2012, it boasted that it held '95% of all social media in the US.'
Brand: businessinsider.com
SKU: businessinsider-com-483
Availability: OnlineOnly

critic

Mark Zuckerberg told Congress that Facebook is not a monopoly. But in 2012, it boasted that it held '95% of all social media in the US.'

preview

The words "Business Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.As Facebook faces mounting antitrust scrutiny, CEO Mark Zuckerberg has repeatedly asserted that the company faces intense competition and is not a monopoly.But eight years ago, the company was telling a very different story.In a marketing presentation from 2012, Facebook boasted about its market dominance — claiming to make up "95%" of total social media in the United States.The claim was made in a chart that compared Facebook's market share to those of rivals including Tumblr, Twitter, and MySpace for a presentation to telecoms firm Vodafone's board of directors, which was obtained by the US House Judiciary Committee as part of a year-long investigation into big tech antitrust issues and made public on Wednesday.The document is a striking illustration of how Facebook has historically emphasised its size and power as a marketing tool, and how drastically the company has changed its approach now it is the subject of growing political scrutiny and anti-monopoly investigations.CEO Mark Zuckerberg testified before the Committee on Wednesday, .  "The most popular messaging service in the US is iMessage," he said. "The fastest-growing app is TikTok. The most popular app for video is YouTube. The fastest growing ads platform is Amazon. The largest ads platform is Google. And for every dollar spent on advertising in the US, less than 10 cents is spent with us."The House Committee obtained large numbers of documents from Facebook and others companies in its investigation. In another exchange between Zuckerberg and top executives in 2012, .Facebook has long aggressively bought up competing businesses. Many of its core products, from Instagram to WhatsApp and Oculus started life as independent companies before being acquired. Regulators and politicians are now scrutinizing whether Facebook's acquisitions constitute anti-competitive behaviour.Got a tip? Contact Business Insider reporter Rob Price via encrypted messaging app Signal (+1 650-636-6268), encrypted email (robaeprice@protonmail.com), standard email (rprice@businessinsider.com), Telegram/Wickr/WeChat (robaeprice), or Twitter DM (). We can keep sources anonymous. Use a non-work device to reach out. PR pitches by standard email only, please.NewsletterGet a daily round up of our most popular tech stories. Sign up for our Tech newsletter.Something is loading.Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.

The words "Business Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.As Facebook faces mounting antitrust scrutiny, CEO Mark Zuckerberg has repeatedly asserted that the company faces intense competition and is not a monopoly.But eight years ago, the company was telling a very different story.In a marketing presentation from 2012, Facebook boasted about its market dominance — claiming to make up "95%" of total social media in the United States.The claim was made in a chart that compared Facebook's market share to those of...

public

Rob Price

What you want to know about business. A section of @thisisinsider. Follow us on Facebook, Instagram, and YouTube. Visit our homepage for the day's top stories.

businessinsider.com

Credible

Speculation

Anecdotal Evidence

Generalization

Stacking the Deck

Appeal to Authority

Straw Man

Slippery Slope

Emotional Appeal

Red Herring

False Dilemma

Illogical

Moral Equivalency

Ad Hominem

Correlation w/o Causation

Semantics

Begging the Question

Faulty Analogy

Non Sequitur

Bandwagon

Dogmatism

Failing Occam's Razor

Biased

Pure Opinion

Hit Piece

Racial Bias

National Bias

Religious Bias

Financial Incentive

Political Agenda

Gender Bias

Misused Image/Video

Study Misinterpreted

Mistake

Misused Term

Science Misrepresented

Factual Error

Satire

Surface Level

Lack of Reliable Sources

Sensational

Not Credible

Investigative

Balanced

Well Sourced

Great Context

sports

entertainment

U.S.

international

business

technology

science

culture

politics

media

health

Mark Zuckerberg told Congress that Facebook is not a monopoly. But in 2012, it boasted that it held '95% of all social media in the US.'

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS