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>The counter-argument is that if a large company is allowed to buy all of its promising competitors when they are small and inexpensive, our overall business ec
by mrkramer 4y ago
>The counter-argument is that if a large company is allowed to buy all of its promising competitors when they are small and inexpensive, our overall business ecosystem will get weaker in the future due to that big company not having to be competitive.
The better question to ask would be why the majority of founders decide to sell out to big tech companies instead of pursuing the long term vison on their own?
- ceejayoz 4y agoThe answer to that question is pretty obvious - most people prefer a firm billion dollars now over the possibility of 100 billion in two decades, especially if they're not independently wealthy already. The FTC can't do anything about human nature, so they're left dealing with the part of the problem they do have some leverage over.
- Dracophoenix 4y ago> The FTC can't do anything about human nature, so they're left dealing with the part of the problem they do have some leverage over. Even the part they supposedly have leverage over is debatable. The courts have already thrown out numerous claims against Facebook from Lisa Khan's previous lawsuits (albeit without prejudice). From this, it should be obvious that the FTC's powers of prognostication are limited. So much so that the arguments suggesting the FTC should be permitted to due process are mind-boggling to say the least.
- Dracophoenix 4y ago*permitted to dispense with