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While I agree that large firms often collude, we do have laws against that in the U.S. In fact, I believe FAANG has gotten into trouble before for collusion on
by rossdavidh 5y ago
While I agree that large firms often collude, we do have laws against that in the U.S. In fact, I believe FAANG has gotten into trouble before for collusion on hiring practices. But those are different laws than the ones against monopolies.
I would not be totally surprised to hear that, for example, Google and Facebook collude on advertising, but I'm not at this point totally convinced of it either.