This latest evidence of Facebook's moral failures is credible and damning, but these concerns are not new.
Since then, we know what the real cost of this consolidation has been.
Incentives matter. In the absence of competition or accountability, Facebook and other unregulated tech monopolies have no incentive to change, making the Internet less safe and less secure.As a result, WhatsApp has become a ubiquitous messaging platform that often serves as a firehose for propaganda, causing civil unrest around the world.
At the same time, the internet has grown more hostile to the type of competition and innovation that is necessary to contest the dominance of Facebook and other platform monopolies. These bills would prevent the types of mergers that resulted in Facebook cornering the market and killing competitors, as well as create new rules of the road for the digital economy to ensure that there is an even playing field for the next generation of startups and other businesses.