(no title)
artemisyna | 5 years ago
* other companies/entities that can be considered "competitors" (Twitter, TikTok, LinkedIn, etc)
* the acquisitions in question (Instagram and WhatsApp) being approved by the suing entity (namely, the FTC) themselves back in the day
I wouldn't be surprised if an outcome of this were to be say, limits against cross-linking acquisitions together or the like in the future. However, having existing companies be forced to be spun out in their entirely... I have a hard time imagining that being the outcome, given the chilling effect it could have on the rest of the industry.
CPLX|5 years ago
What's hilarious is that breakups and divestiture were considered a completely commonplace occurrence up until a generation ago. It was just a matter of course for the FTC and DOJ to deal with companies that had gotten too big or were engaging in questionable behavior and forcing them to break up into pieces.
This, of course, was generally a good thing. Then we just sort of stopped. Now we're at a point where your point of view, which is that this is "hard to imagine" is a completely reasonable one.
It shouldn't be though. The current situation of consolidation at the top of our economy is wildly unstable and harmful to workers, consumers, and fledgeling entrepreneurs alike, and we should never have let it get this out of control.
NikolaeVarius|5 years ago
What would be the precedent if regulatory approvals could be challenged with a change in administration?
bogwog|5 years ago
That's like someone is approved for a license to own a gun, then that person uses the gun to commit a crime, and then their license is revoked. Then someone points the finger at whoever it was that approved that person for a gun license.
What would be the precedent if a merger approval gave you a free pass to be anti-competitive?
thraway12|5 years ago
Aunche|5 years ago
My pet theory is that the legislature is so divided and incompetent that laws are horribly outdated. The other two branches of government need to compensate. Google v. Oracle is another example of this.
adamcstephens|5 years ago