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Instead of retaining its control of a fruit market, or preserving an oil monopoly, Facebook harnesses another resource: data. Any regulator or sovereign state keen to challenge the way the Silicon Valley giant gathers, monetises and uses that data will face their ire.
Last Thursday, Facebook blocked news content in Australia. Many of us had been expecting this in response to the News Media and Digital Platforms Mandatory Bargaining Code. But the breadth and severity of what occurred was brutal. The content blocked was not only that of large media companies. Public interest, not-for-profit, and religious media — many of whom rely heavily on Facebook to share messages with their readers — were blocked as well.
Google likes playing the equality-for-all card in the news business. This, from a company that behaves, across the provision of its services, monopolistically and ruthlessly.