"all the big social media platforms are already owned by US companies."
..or have been/will be bought up by cash rich US tech giants. We've already seen Google and Facebook buy up competitors putatively to operate them, then shutting them down because "we wanted the IP and technology" making it harder to even begin to compete and knowing you'll get stamped on if it looks like you might succeed. And now we have Bezos admitting that Amazon staff get to see ALL the data for sales through their site so they can decide what to sell, and for how much, in direct competition with their own sellers/marketplace shops, the very people who made Amazon what it is.
This is the downside of free market capitalism with little to no regulation or oversight. Monopolistic behaviour and abuse.
Biting the hand that feeds IT
