This headline from Pew Research Center should be enough to give the Federal Trade Commission (FTC) pause and maybe even lead the agency to reverse course in its proceedings against Facebook’s parent Meta:
“TikTok has established itself as one of the top online platforms for U.S. teens, while the share of teens who use Facebook has fallen sharply.”
Since December 2020, the FTC has filed multiple complaints against Meta, calling it a “monopoly,” “the world’s dominant online social network,” a “behemoth,” and an “empire.” The FTC’s beliefs about Meta’s power have led the agency to consider breaking up the company and attempt to stop a planned acquisition. Now comes Pew with data showing that the FTC’s beliefs are clearly false.
Read Dr. Jamison’s complete blog post at AEI.