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FTC to Examine Past Acquisitions by Large Technology Companies
- rtkwe 7y agoIf we really want to look at anti-competetive mergers check out the telecom acquisitions. Seems like every single one leads to increased prices and the companies doing the exact things they promised not to do to get the merger approved.
- Gibbon1 7y agoThe big change between 1980 and now is before that the FTC considered market concentration when deciding to allow a merger or not. Now they only consider whether the merger is likely to raise prices for consumers. Which just boils down to the company pinky swearing not to gouge the public 'too much'
- rtkwe 7y agoThe maddening part is every time there's one of these big mergers they pinky swear prices won't go up and surprise surprise they almost immediately do. I realize judges and the courts aren't really meant to have a memory about past technically unrelated cases but it drives me crazy.