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.

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Source Fool.com