Facebook is not a monopoly in the traditional sense as it neither controls exclusive supply of a good or service nor does it technically have a high barrier to entry to start the business.
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With Silicon Valley continually innovating, playing with big data and artificial intelligence, the plausibility of another Cambridge Analytica breach is likely. Despite this threat, Washington DC cannot be farther away, both in geography and understanding, of novel technology developments.
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Facebook's stock drops amidst concerns of privacy and institutions like Cambridge Analytica are to blame.
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