this post was submitted on 15 Jul 2023
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I don't know what to think about this acquisition. What I do know is that the FTC should pick their battles in a different way. There are at least a couple of other tech companies (Google, Amazon) that should be broken up because they're monopolies and I don't know why nobody at the FTC seems to be looking at them.
They have been picking their battles.
Breaking an existing company up into multiple smaller companies is an order of magnitude more difficult for a US regulator than stopping a company from buying another one. The FTC is running face first into a legal system that has methodically chipped away at anti trust law for generations. That's the obstacle here, not picking the wrong battles.
Poorly. Very poorly. Under Khan they've been an absolute shitshow of mismanagement.