A PYMNTS Company

I Compete With Facebook, and It’s No Monopoly

 |  June 30, 2019

By Mark Weinstein, Wall Street Journal

I’m chief executive officer of a social network that competes with Facebook, so you might expect I’d agree with those seeking to break up Facebook in the name of fair competition. In fact, I strongly oppose the idea. I don’t believe Facebook is a monopoly.

Regulatory officials, presidential candidates and even a Facebook co-founder are among those who’ve asserted that Facebook has become so big and powerful that it stifles all competitors, leaving social-media users nowhere else to turn. Yet my company, MeWe, is not only surviving…