It's not like this will actually cost.them anything, if they're not making 10% on those assets there just hoarding so this will just reduce down the capital accumulation moving from poor to rich.

They have run out of ideas and have huge piles of cash so this is a big hail Mary for a new industry. They have to compete with each for how much they can waste as this is what the stock market asks for. Some are going to implode over this.

metas fall is interesting, considering that its ai is also open source, so looks more like the usual spooked hours response of the stock market to any news

This would be by far the best anti baddie/monopoly protection, enforce legally the usage of open interoperable protocols for all social media applications, you should be able to watch tiktoks on Instagram, view tweets on blue sky send WhatsApp to iMessage and vice versa