I Changed My Mind Facebook Is a Monopoly – WSJ

I ve changed my mind. MeWe continues to succeed, albeit on a modest scale. Two years ago the platform had five million users and no revenue. Today it has nearly 20 million users and is breaking even with millions of dollars in revenue. Yet despite MeWe s growth, Facebook s troubling actions over the last two years have caused me to change my position, for six reasons.

First, on July 28, 2021, Mark Zuckerberg declared Facebook will transform itself in the next five years from a social-media company into a Metaverse company. Facebook plans to spend billions of dollars and use virtual-reality technology from Oculus and other companies it has acquired to create a three-dimensional digital universe. Facebook plans for everyone to be totally immersed in the Facebook ecosystem at all times. No upstart has the advanced technologies, infrastructure, resources and massive user base required to build a competing Metaverse. This will be the capper to Facebook s dominance.

via www.wsj.com

This virtual reality world that’s controlled by facebook sounds pretty spooky to me.