Meta Platforms Is Suddenly Trying to Enter 1 of the Most Valuable Duopolies on the Planet
There's an economy worth trillions of dollars worldwide that most of us interact with every single day: mobile apps. And according to Business of Apps, 95% of this valuable app economy is controlled by just two companies (excluding the app economy in China): Apple (NASDAQ: AAPL) and (NASDAQ: GOOG)(NASDAQ: GOOGL).
But fellow tech giant Meta Platforms (NASDAQ: META) sees a golden opportunity to break up this duopoly. And it's working toward this goal right now.
It may take a couple of years before any profound impacts are felt. But companies are jostling for position in this important space now, thanks to some recent changes in the European Union.
Source Fool.com
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