Facebook (now known as Meta) claims that its social networking platforms have dozens of external rivals.
A recently disclosed internal document shows that top executives were more concerned about threats posed by its own products than by competitors.
According to Bloomberg, a recently disclosed internal memo reveals that Facebook executives’ internal opinions conflict with the company’s publicly expressed concerns about the threat of competition from other social media companies.
Senior data scientist Thomas Cunningham penned the “Cunningham memo” in October 2018 for CEO Mark Zuckerberg, outlining the company’s expansion objectives and how it might stop Facebook-owned firms Instagram and WhatsApp from undermining Facebook’s future plans.
A congressional investigation into unfair business practices in the tech sector, with a particular focus on the biggest businesses in the sector, including Facebook, prominently highlighted the document.
Facebook internal memo on rivals undercuts antitrust defense https://t.co/48uwraKOOx
— Pittsburgh Post-Gazette (@PittsburghPG) July 20, 2022
The memo was made public for the first time on Tuesday as part of the House Judiciary antitrust subcommittee’s final report on competition in digital markets. The panel received the document from Facebook by subpoena.
According to a source with access to private discussions, the paper helped the antitrust panel develop new antitrust legislation that would have an influence on the Masters of the Universe.
Congress may vote on one of these bills as soon as next week.
If the American Innovation and Choice Online Act were to pass, Facebook would be compelled to grant users the same amount of access to its platforms as its own products do, such as by enabling users to cross-post or import connections from other social networks.
The bill has cleared both the House and the Senate but still needs their final approval in order to become law. Facebook, Google, Amazon, and Apple are all against the legislation.