This is true when there’s plenty of competition that matter. When everybody and every business is in one app, the network effect forces everyone to be there or be invisible. So the “essential infrastructure” label is kinda debatable. I suppose it’s essential for many businesses.
So your analogy should be more like there’s one big shopping mall network in the city that basically everyone has to go because certain stores are only there — and the owners bought any competitor that seemed to start becoming popular in the past so there’s no perspective of competition either.
So your analogy should be more like there’s one big shopping mall network in the city that basically everyone has to go because certain stores are only there — and the owners bought any competitor that seemed to start becoming popular in the past so there’s no perspective of competition either.