Is 2021 the year that Facebook finally gets broken up?

Will Mark Zuckerberg’s tech giant avoid a breakup this year? Or will ‘big tech’ lose its ability to throttle smaller ventures forever?

In December, grey clouds loomed over Facebook HQ as the Federal Trade Commission, together with 46 state prosecutors and the District of Columbia and Guam, sued the social network, citing that it had illegally hoovered up rival companies in an aggressive attempt to stamp out competition.

“For nearly a decade, Facebook has used its dominance and monopoly power to crush smaller rivals and snuff out competition, all at the expense of everyday users,” said New York Attorney General Letitia James, on behalf of the coalition that has filed the landmark lawsuit. “By using its vast troves of data and money, Facebook has squashed or hindered what the company perceived to be potential threats.”

This comes as the microscope zooms further in on ‘big tech’, with Google, for instance, recently landing in the cross hairs of the Justice Department, having been charged for unlawfully maintaining its monopoly over online advertising and searching. Moreover, when speaking to The New York Times at the beginning of 2020, president-elect Joe Biden said that he would revoke Section 230, a major piece of internet legislation which prevents social media platforms from being liable for illegal or offensive content posted by users.

Become a Gentleman’s Journal Member?

Like the Gentleman’s Journal? Why not join the Clubhouse, a special kind of private club where members receive offers and experiences from hand-picked, premium brands. You will also receive invites to exclusive events, the quarterly print magazine delivered directly to your door and your own membership card.

Click here to find out more