Biggest Monopolies In The World: Most Do Business In Africa

Written by Keren Mikva


It may seem bizarre that a company that provides a free service could hold a monopoly over anything, but that’s exactly what Facebook has done to the social media market. It’s estimated that approximately 60 percent of people who use social media sites choose Facebook, and the likes of former giants such as MySpace have nearly disappeared. Say what you will about the obnoxious habits of Facebook users or the unnecessary home page “updates,” but the site shows little sign of slowing down.