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This is the Cato Daily Podcast

This is the Cato Daily Podcast for Thursday, December 17th, 2020.

I'm Caleb Brown. Facebook is under legal assault

from the federal government and state attorneys general for buying up other tech

firms in a practice that those governments believe constitute monopolistic practices.

Cato's Ryan Bourne and Will Duffield evaluate the claims.

There are multiple suits essentially asking for Facebook to be broken up.

And, you know, one of these are along antitrust grounds.

So what do we understand antitrust as a tool will to be capable of?

Well, it's intended to address market monopolies and these suits present Facebook as it currently exists having brought on

Instagram having brought on what-sap as existing as a monopoly with these arms working in tandem in a way they

perhaps don't. Now I think these suits are motivated by a lot of broader animus against Facebook, concerns about its content moderation practices, concerns about its sheer size, whether it allows hate speech, whether it removes too much,

...