Opinion: Google and Facebook lose a battle to win the war4 min read 18 Feb 2021, 09:41 AM IST
By foregoing some of their dominance in Australia, both will wind up securing monopolies of the world’s online information.
When prospectors made what was the biggest oil discovery in history at Texas’ Spindletop well in 1901, the world’s premier oil monopolist was absent from the scene. Standard Oil Co., a decade away from being split up in an antitrust suit, was content to sit back and let smaller local rivals establish themselves.
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