On: Facebook is nearing a reputational point of no return

[dreamcompiler]

The same thing happened with AT&T. After the government broke them up into the regional "baby bells" in the 80s they started eating each other until only one (Southwestern Bell) was left standing. At which point it bought the shell of the original AT&T corporation and promptly renamed itself "AT&T." The AT&T you buy cell phone service from today is actually Southwestern Bell.

[andrewla → dreamcompiler]

Not entirely true -- Bell Atlantic became Verizon after it ate most of the baby bells in the Northeast.