If they didn't have the incentive to get a monopoly we would have kept a more decentralized web.
Did you miss Myspace and Friendster? Orkut had a market, I think. The reason that Facebook succeeded later is because it had a good API and invited people to write apps for it (mostly surveys and games, remember Zynga?), tracked its users across the internet, and sold them in targeted slices to advertisers. It was Friendster as a commercial platform (like Salesforce was CRM as a commercial platform.) It was never any better than Myspace, and gradually got much worse.
I have no idea what you think is or was so great about WhatsApp. It was successful largely because it had no overhead and infinite throughput, being created by very talented people using Erlang. The reason people use it is because they always have and their friends do, and for a lot of countries with expensive SMS it provided messaging (and became so integrated into business that people weren't allowed to live without it.)
This is my argument about why these things were successful; I think that "they were great" isn't a credible one. They simply grabbed a large chunk of already proven markets quickly, but oriented themselves toward corporate needs to leverage that into total control.
I might be misremembering a bunch but myspace never had a feed that showed you your friend’s updates.
It also wasn’t able to magically show you the people who were at that random house party you went to the night before that you hit it off with but were too drunk to get their number.
MySpace was a) awful, b) only used by a tiny tiny fraction of people (1% maybe), and c) rarely had people's real names & photos on it. Not remotely comparable to Facebook. Even fewer people used Friendster and Orkut, at least in the UK.
> I have no idea what you think is or was so great about WhatsApp. It was successful largely because it had no overhead and infinite throughput
Free. No ads. Reliable. E2E encryption. Group chats. Cross platform. There's so much that's great about it. It was successful because the alternative was SMS which was shit. I'm guessing you're American.