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Good, although I've yet to see any indication that this FTC is competent enough to pull it off, after that pathetic Microsoft/Activision suit.
by kibwen 3y ago
Good, although I've yet to see any indication that this FTC is competent enough to pull it off, after that pathetic Microsoft/Activision suit.
- lucubratory 3y agoI feel the same way. The case certainly seems stronger on the merits with Amazon than MS-ABK did, but I'm worried about the FTC's confidence after that PI hearing.
- OO000oo 3y ago[flagged]
- kmeisthax 3y agoThe FTC is competent, the problem is that they have decades of antitrust enforcement debt and a judicial system hell-bent on nullifying the underlying law. See https://pluralistic.net/2023/07/14/making-good-trouble/ https://pluralistic.net/2023/07/14/making-good-trouble/
- fallingknife 3y agoAuthor doesn't seem to understand the basics of acquisitions: > Start with the fact that Corley's son is a Microsoft employee who stands reap massive gains in his stock options if the merger goes through It's Activision whose stock stands to gain from this, not MSFT.
- JumpCrisscross 3y ago> FTC is competent As a training ground for aspiring Congresspersons, yes. As an executive agency, no. Khan started her term learning to manage. She is now losing case after case on account of sloppiness [1] and overreach. Her ideas are good. But she seems to want to write new laws, not enforce them. The right person in the wrong seat spells incompetence. [1] https://news.ycombinator.com/item?id=36872719 https://news.ycombinator.com/item?id=36872719
- jarjoura 3y agoNo way this happens in the next decade. This is something that will take the government a decade-plus to resolve. Just look at how long it took the government to break up AT&T. We look at Microsoft and Internet Explorer as some kind of fast victory, and sure it was a gross monopolistic practice. However, Microsoft willingly caved due to Bill Gates personal embarrassment in the court room. However, Amazon's entire business model works because it is or needs to be a monopoly. If they have to break up and share the pie, it will be devastating and so no way they don't fight and hold things up in courts.
- NoMoreNicksLeft 3y agoWait. Are we calling the Microsoft thing from 1999 some kind of victory now?
- justinclift 3y agoWhat would you call it?
- NoMoreNicksLeft 3y agoAbsolute defeat with no possibility to fight the battle again, leading to 20 years of technology stagnation and quite possibly to even worse villains (Google, etc)?
- danaris 3y agoWorse: snatching defeat from the jaws of victory, because a new administration came in that was actively hostile to the basic idea of antitrust.