It’s just a byproduct of owning shares of a company that becomes big. Which subpart do you object to?
One of the bigger failings of the US government over the last half century is allowing corporations to grow and merge their way to become as large as many have. Stronger enforcement of anti-trust would have both significantly reduced wealth inequality in this country as well as siphoned off much of the growing political power corporations have relative to regular citizens.
OK, to be more precise: it would still have a market cap of "multiple hundred billions of dollars" if it never acquired or merged with any other companies.
It's arguable how much of Facebook's current size is a result of natural growth versus what it's gained through said mergers and acquisitions. I'm far more concerned about the fact it's a trillion-dollar company and how large a proportion of people exclusively get their news and other facts from Facebook.
The company is in desperate need of splitting up.
Walk me through that. In 1999, some people proposed splitting up Microsoft. One spinoff would own Internet Explorer, another would own the office suite, a third would own Windows.
You could spin off Instagram and Whatsapp, but after you do that, Facebook is still really big -- worth many 100s of billions. How to split that up?
Every user east of the Mississippi ends up in Facebook East and every user to the west in Facebook West??
Monopolies are not good things. I've been boycotting Amazon for almost 10 years, you can too.
We might explore breaking up the data centers from the software lines of business across Google, Amazon, Microsoft, Meta, and more. We have become enamored with vertical integration and acquisitions to the determent of vibrancy in our economy.
There is some reason to think that personal AI agents like Meta Muse will disrupt Amazon's retail business. Amazon currently blocks those bots and doesn't seem to have a strategy to address them.
Pick one: total and complete control over your company, or give it up to the market. Why should owners get the best of both worlds, and at this point trillions of capital themselves?