Meta Platforms Inc (META)

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Inside Facebook's Plan To Eat Another $350 Billion IT Market

http://dtn.fm/DWjz3

On an ordinary work day in mid-2016, a handful of Facebook engineers were sitting on the couches in a corner of the company's Menlo Park, California, headquarters when one of them tossed out a wacky idea.

He suggested doing something that had never been done before and could potentially upend the $350 billion telecom market.

"It can't be so difficult to build our own system," the engineer said, referring to the telecom equipment that sends data across cables and wireless networks, and which the engineer suspected could be made to operate faster and cheaper than the pricey equipment sold by big vendors like Nortel, Huawei, Ericsson, Cisco or Juniper Networks.

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