Facebook CEO Mark Zuckerberg spoke in July via video conference to a US congressional hearing on antitrust. AP
Facebook CEO Mark Zuckerberg spoke in July via video conference to a US congressional hearing on antitrust. AP
Facebook CEO Mark Zuckerberg spoke in July via video conference to a US congressional hearing on antitrust. AP
Facebook CEO Mark Zuckerberg spoke in July via video conference to a US congressional hearing on antitrust. AP

Why are governments only reacting to Big Tech monopolies now?


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For years, Facebook has taken steps to maintain a monopoly over the social media landscape, through anti-competitive acquisitions and actions to target its rivals. At least, this is the allegation made by the US Federal Trade Commission, a market regulator, in a lawsuit it filed against the social networking giant this week.

It mirrors similar charges raised by the US Justice Department against Google in October. Together, the suits and a number of government investigations into technology companies this year signal an intention to keep Big Tech in check and roll back some of its influence.

It may, of course, already be too late. As the FTC points out, Facebook’s activity has been years in the making. The company is already a behemoth, having acquired in past years the massively popular Instagram and WhatsApp platforms. This gives Facebook control over several domains of the internet age, each with a particular niche, that together constitute an integral part of social life for billions of people around the world. The Facebook platform is so influential that it has allegedly been exploited to swing elections. Instagram is such a powerful marketing tool that some of its “influencers” are paid millions. WhatsApp is a primary means of communication for families, colleagues and even government services in dozens of nations.

The goal of the FTC’s legal action is to undo those acquisitions. But the company’s monopoly has already allowed it to gather and commodify a gigantic sum of personal data that cuts across much of the global population.

Its methodology, to create an “ecosystem” through which users live their social lives and, within it, an economy that trades in their attention spans, has bequeathed Facebook with considerable spending power. The company is valued at approximately $720 billion. This exceeds the net worth (by total household wealth) of more than 120 countries.

Dismembering Facebook and the rest of Big Tech, moreover, will be difficult. Thus far, the arguments against the tech companies hinge on them wearing too many hats. Amazon, for instance, is a marketplace, but it also makes and sells its own products there, and controls delivery. Apple creates phones for which external developers design apps, though they have to compete with Apple’s own apps. Google has ambitions to design entire cities, whose residents would presumably need to be connected to Google’s ecosystem in some form to go about daily life. And Facebook acquired WhatsApp in part to prevent it from outflanking its existing Messenger service, which was tacked onto its social networking platform. But it would be difficult to argue, for instance, that Facebook should shed WhatsApp when no one complained about it having developed Messenger.

Facebook is richer than 120 countries

So the US government finds itself on the back foot, trying to undo, in some sense, a decade of unfettered civilisational development. And while there is good reason to rein in Big Tech as far as necessary, Washington – and governments in other countries – might see this as a warning to consider now what further developments lie ahead.

Big Tech companies have spun into existence whole ecosystems that were difficult to imagine two decades ago. As engineers toil away in the tech capitals of the world, new ones will exist two decades hence. Rapid acceleration in automation, AI and quantum computing, among other things, will twist the shape of economic and social life further. Governments must adopt a similar R&D-oriented posture to anticipate and understand them, so as to regulate their power, while also allowing society to reap the benefits of technological advancements. Big Tech has offered much to the world; regulation should not destroy its innovative spirit but should prevent abuses.

Mission%3A%20Impossible%20-%20Dead%20Reckoning%20Part%20One
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Origin
Dan Brown
Doubleday

The%20specs
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Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Fixtures

Tuesday - 5.15pm: Team Lebanon v Alger Corsaires; 8.30pm: Abu Dhabi Storms v Pharaohs

Wednesday - 5.15pm: Pharaohs v Carthage Eagles; 8.30pm: Alger Corsaires v Abu Dhabi Storms

Thursday - 4.30pm: Team Lebanon v Pharaohs; 7.30pm: Abu Dhabi Storms v Carthage Eagles

Friday - 4.30pm: Pharaohs v Alger Corsaires; 7.30pm: Carthage Eagles v Team Lebanon

Saturday - 4.30pm: Carthage Eagles v Alger Corsaires; 7.30pm: Abu Dhabi Storms v Team Lebanon

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The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

Teams

India (playing XI): Virat Kohli (c), Ajinkya Rahane, Rohit Sharma, Mayank Agarwal, Cheteshwar Pujara, Hanuma Vihari, Ravichandran Ashwin, Ravindra Jadeja, Wriddhiman Saha (wk), Ishant Sharma, Mohammed Shami

South Africa (squad): Faf du Plessis (c), Temba Bavuma, Theunis de Bruyn, Quinton de Kock, Dean Elgar, Zubayr Hamza, Keshav Maharaj, Aiden Markram, Senuran Muthusamy, Lungi Ngidi, Anrich Nortje, Vernon Philander, Dane Piedt, Kagiso Rabada, Rudi Second

BACK%20TO%20ALEXANDRIA
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COMPANY%20PROFILE
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Why are asylum seekers being housed in hotels?

The number of asylum applications in the UK has reached a new record high, driven by those illegally entering the country in small boats crossing the English Channel.

A total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.

Asylum seekers and their families can be housed in temporary accommodation while their claim is assessed.

The Home Office provides the accommodation, meaning asylum seekers cannot choose where they live.

When there is not enough housing, the Home Office can move people to hotels or large sites like former military bases.

The Written World: How Literature Shaped History
Martin Puchner
Granta

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Tips to avoid getting scammed

1) Beware of cheques presented late on Thursday

2) Visit an RTA centre to change registration only after receiving payment

3) Be aware of people asking to test drive the car alone

4) Try not to close the sale at night

5) Don't be rushed into a sale 

6) Call 901 if you see any suspicious behaviour

SANCTIONED
  • Kirill Shamalov, Russia's youngest billionaire and previously married to Putin's daughter Katarina
  • Petr Fradkov, head of recently sanctioned Promsvyazbank and son of former head of Russian Foreign Intelligence, the FSB. 
  • Denis Bortnikov, Deputy President of Russia's largest bank VTB. He is the son of Alexander Bortnikov, head of the FSB which was responsible for the poisoning of political activist Alexey Navalny in August 2020 with banned chemical agent novichok.  
  • Yury Slyusar, director of United Aircraft Corporation, a major aircraft manufacturer for the Russian military.
  • Elena Aleksandrovna Georgieva, chair of the board of Novikombank, a state-owned defence conglomerate.