The fact that it was challenged at all is a huge step in the right direction. Couple of years ago, the FTC wouldn’t even bat an eye with these mergers. The new chair, Lina Khan seems to be determined to reduce the power of monopolies.
Which is a good thing, if this isn’t obvious.
The problem lies with the complete out of touch judges now.
If only the FTC didn’t sit on its ass for the last 40 years
That’s more on the money than you think. Microsoft mostly won because the FTC didn’t clamp down on Sony being anticompetitive which “forced” Microsoft to make these acquisitions. This situation is bad, but the alternative with Sony exclusivity deals all over the place was worse.
Capital wins again. If only the FTC didn’t sit on its ass for the last 40 years, maybe such market consolidation wouldn’t be allowed and normalized.
Also shout-out to this comm. The Beehaw community seems delighted. You can sometimes really tell which instances skew toward leftists vs liberals
The fact that it was challenged at all is a huge step in the right direction. Couple of years ago, the FTC wouldn’t even bat an eye with these mergers. The new chair, Lina Khan seems to be determined to reduce the power of monopolies.
Which is a good thing, if this isn’t obvious.
The problem lies with the complete out of touch judges now.
Oh no, those judged seem touched. Maybe the need another sponsored yaht trip to clear their heads.
That’s more on the money than you think. Microsoft mostly won because the FTC didn’t clamp down on Sony being anticompetitive which “forced” Microsoft to make these acquisitions. This situation is bad, but the alternative with Sony exclusivity deals all over the place was worse.