Matt Levine, Columnist

Meta Will Make Friends

Also liability management exercises, crypto convertibles and not enough desks.

I think a lot about the time that Mark Zuckerberg was hauled before Congress to answer questions about whether Facebook (now Meta Platforms Inc.) is a monopoly. He said:

“See,” I wrote, “Facebook also has a tiny market share, if you define its market as … human interaction? Human behavior? ‘Only like 5% of human life consists of Facebook, how could we possibly be a monopoly?’”