4 ms·

Actually Matt Gaetz, who will likely be her boss, calls himself a "Khanservative" in support of her

by alexpetralia 2y ago

bearjaws 2y ago
But what does Donald want? It doesn't matter at all what Matt Gaetz wants.
- alephnerd 2y ago
  Most of the Trump-sphere's donations and organization came from Andressen (the A in A16Z), David Sacks (especially during his fundraiser last year that was a who's who of YC and VCs), and Thiel. They are all in support of Lina Khan's position on anti-trust, as it aligns closely with the vision of LTSE (YC S17) plus their grudge/annoyance at the fact that late stage acquisitions don't benefit early stage investors as much as an IPO or SPAC, plus their annoyance at how early stage investors can't take advantage of the IPO "Pop". This has been a major fissure in the tech industry for almost a decade at this point. To be fair, Horowitz (the Z in A16Z) donated to Harris's campaign to lobby for the same thing as well.
  - jordanb 2y ago
    Elon wants her gone: https://x.com/elonmusk/status/1851985438933668337 https://x.com/elonmusk/status/1851985438933668337
    - alephnerd 2y ago
      Musk is just one donor among dozens. One of the biggest donor yes, but not enough to move the needle. Also, the presidency is not enough to move the needle - you need down ballot support from both houses of Congress as well, which is a relationship Musk did not build unlike other donors.
      - collingreen 2y ago
        One donor, thanked at length by name in the president's acceptance speech, and immediately appointed over a brand new office about "efficiency" after yelling incessantly about deleting entire government departments. Elon has a huge amount of influence over khan's future and the ftc's ability to continue in its recent push to actually protect the American consumers.
        alephnerd 2y ago
        > brand new office DOGE is a presidential task force. They are impotent like any other task force. If you want something to worry about with the new administration, worry about the shitshow that Senate confirmation will be for much of 2025 as Senate Leadership and the Executive will clash > the ftc's ability The Khan style vision of antitrust (which I strongly oppose as well btw) will continue under Trump as it did under Biden. It has bipartisan support because of bipartisan donor relations. Oren Cass, Lina Khan, Matt Stoller, and Rohit Chopra are all cut from the same cloth.
        sumedh 2y ago
        > worry about the shitshow that Senate confirmation will be for much of 2025 as Senate Leadership and the Executive will clash Can they just get people on the Acting title and not worry about senate confirmation?
        alephnerd 2y ago
        > Can they just get people on the Acting title and not worry about senate confirmation? No. The people who get "Acting" titles only have a lifespan of a couple months AND they need to be existing members of the bureaucracy who are 1 level below the senate appointed role. The US is not a parliamentary system like India, UK, Canada, or Australia where the executive has power over cabinet nomination. The US's system was explicitly built so that the president is hemmed in this manner.
      - sumedh 2y ago
  - est31 2y ago
    > late stage acquisitions don't benefit early stage investors as much as an IPO or SPAC I've heard this repeated multiple times, but I wonder how the FTC's policies can influence this? > how early stage investors can't take advantage of the IPO "Pop". Could you explain this? By IPO pop do you mean the difference between what the bank underwrites and what the initial . By early vs late stage investors do you mean seed vs series G, or pre-IPO vs post-IPO? I've thought that seed vs series G investors get the same class of stock? Or is there some restriction encoded into the paperwork associated with the investment?
    - alephnerd 2y ago
      > how the FTC's policies can influence this By de-incentivizing M&A, and checking larger competitors to VC darlings by hanging the Damcoles sword of antitrust. A decade ago Marc Andressen was lobbying Obama to work on this [0][1] In Andressen's and much of his peer's eyes, most mid-late stage startups should be IPOing sooner than they actually are. And to a certain extent he isn't wrong. Personally, I don't buy Andressen's argument - there is a reason we added added checks and balances in the IPO process. > Could you explain this To go public (just like any other fundraising stage), early stage ownership stakes tend to be diluted in order to attract later investors. IPOs are a fundraising technique like any other, but the benefits tends to bias towards funds that target late stage or roadshow investors at the expense of early investors. In the eyes of Andressen and his peers the IPO process needs to be simplified in order to make it easier for mid-stage startups to go public AND the incentive structures need to be changed so early stage investors (read VCs like A16Z) get outsized benefit. For most funds, this really doesn't matter, but for the mega funds like A16Z, YC, Founders Fund, etc this is a make-or-break policy as most of their portfolio are mid-late stage startups that have been pushing off IPOs because they are too small for the current market, and taking acquisitions at what a number of early stage investors view as a suboptimal price - doesn't matter to the founder because they have cash, but it does to large early stage investors. A direct listing or SPAC would be the ideal "IPO" method envisioned, but that has been cracked down on as well (and rightfully so tbh) [0] - https://www.cnbc.com/2013/07/11/andreessen-talks-tech-boom-broken-ipo-market-immigration.html https://www.cnbc.com/2013/07/11/andreessen-talks-tech-boom-b... [1] - https://www.vox.com/2014/6/26/5837638/the-ipo-is-dying-marc-andreessen-explains-why https://www.vox.com/2014/6/26/5837638/the-ipo-is-dying-marc-...
  - tgma 2y ago
    Do you have any references for Thiel supporting Lina Khan's position on antitrust? Thiel does not appear to love Google and sees them as somewhat of a formidable opposing force, and that sometimes shows, so I can see he would enjoy his popcorn when Google is attacked by FTC, but it does not appear he would be aligned with Khan in principle.
  - Epa095 2y ago
    It's 'interesting' that the best way to to deduce a candidates policy in a topic is to map out what the billionaires paying them wants.
- refurb 2y ago
  Donald has mentioned many time the tech monopolies and the power they possess
deprecative 2y ago
[flagged]
- typeofhuman 2y ago
  [flagged]
  - mathgradthrow 2y ago
    Matt Gaetz definitely had sex with a 17 year old girl, and his friend who did the same got 11 years in prison for it.
    - akira2501 2y ago
      [flagged]
      - typeofhuman 2y ago
        It was more than a "lack of action" by the DOJ, they full on cleared him of any wrongdoing.
      - mtnGoat 2y ago
        You really should check your facts on that first statement my friend. Frankly you are dead wrong and should not be spreading this kind of false info, it’s dangerous to minors. Only 24 states have age of consent below 18, and a number of those have restrictions on age gaps between participants. And of those 24 states that don’t come close to covering “the majority” of the population of the United States.
        typeofhuman 2y ago
        They were two states off from being factually correct with their "majority" comment. Barely an exaggeration and far from warranting your overreaction.
jordanb 2y ago
Maybe we should also cling to hope because JD said some nice things about her too but let's be real: the billionaires want her gone. Elon has already tweeted that she will be fired. There's no way she will be able to stay on.
tgma 2y ago
She will be gone for symbolism if nothing else. Some of the policies attacking big tech (read: Google) may remain, but hardline acquisition ban will get relaxed for sure.

Actually Matt Gaetz, who will likely be her boss, calls himself a "Khanservative" in support of her

bearjaws 2y ago

But what does Donald want? It doesn't matter at all what Matt Gaetz wants.

alephnerd 2y ago
Most of the Trump-sphere's donations and organization came from Andressen (the A in A16Z), David Sacks (especially during his fundraiser last year that was a who's who of YC and VCs), and Thiel. They are all in support of Lina Khan's position on anti-trust, as it aligns closely with the vision of LTSE (YC S17) plus their grudge/annoyance at the fact that late stage acquisitions don't benefit early stage investors as much as an IPO or SPAC, plus their annoyance at how early stage investors can't take advantage of the IPO "Pop". This has been a major fissure in the tech industry for almost a decade at this point. To be fair, Horowitz (the Z in A16Z) donated to Harris's campaign to lobby for the same thing as well.
- jordanb 2y ago
  Elon wants her gone: https://x.com/elonmusk/status/1851985438933668337 https://x.com/elonmusk/status/1851985438933668337
  - alephnerd 2y ago
    Musk is just one donor among dozens. One of the biggest donor yes, but not enough to move the needle. Also, the presidency is not enough to move the needle - you need down ballot support from both houses of Congress as well, which is a relationship Musk did not build unlike other donors.
    - collingreen 2y ago
      One donor, thanked at length by name in the president's acceptance speech, and immediately appointed over a brand new office about "efficiency" after yelling incessantly about deleting entire government departments. Elon has a huge amount of influence over khan's future and the ftc's ability to continue in its recent push to actually protect the American consumers.
      - alephnerd 2y ago
        > brand new office DOGE is a presidential task force. They are impotent like any other task force. If you want something to worry about with the new administration, worry about the shitshow that Senate confirmation will be for much of 2025 as Senate Leadership and the Executive will clash > the ftc's ability The Khan style vision of antitrust (which I strongly oppose as well btw) will continue under Trump as it did under Biden. It has bipartisan support because of bipartisan donor relations. Oren Cass, Lina Khan, Matt Stoller, and Rohit Chopra are all cut from the same cloth.
        sumedh 2y ago
        > worry about the shitshow that Senate confirmation will be for much of 2025 as Senate Leadership and the Executive will clash Can they just get people on the Acting title and not worry about senate confirmation?
        alephnerd 2y ago
        > Can they just get people on the Acting title and not worry about senate confirmation? No. The people who get "Acting" titles only have a lifespan of a couple months AND they need to be existing members of the bureaucracy who are 1 level below the senate appointed role. The US is not a parliamentary system like India, UK, Canada, or Australia where the executive has power over cabinet nomination. The US's system was explicitly built so that the president is hemmed in this manner.
    - sumedh 2y ago
- est31 2y ago
  > late stage acquisitions don't benefit early stage investors as much as an IPO or SPAC I've heard this repeated multiple times, but I wonder how the FTC's policies can influence this? > how early stage investors can't take advantage of the IPO "Pop". Could you explain this? By IPO pop do you mean the difference between what the bank underwrites and what the initial . By early vs late stage investors do you mean seed vs series G, or pre-IPO vs post-IPO? I've thought that seed vs series G investors get the same class of stock? Or is there some restriction encoded into the paperwork associated with the investment?
  - alephnerd 2y ago
    > how the FTC's policies can influence this By de-incentivizing M&A, and checking larger competitors to VC darlings by hanging the Damcoles sword of antitrust. A decade ago Marc Andressen was lobbying Obama to work on this [0][1] In Andressen's and much of his peer's eyes, most mid-late stage startups should be IPOing sooner than they actually are. And to a certain extent he isn't wrong. Personally, I don't buy Andressen's argument - there is a reason we added added checks and balances in the IPO process. > Could you explain this To go public (just like any other fundraising stage), early stage ownership stakes tend to be diluted in order to attract later investors. IPOs are a fundraising technique like any other, but the benefits tends to bias towards funds that target late stage or roadshow investors at the expense of early investors. In the eyes of Andressen and his peers the IPO process needs to be simplified in order to make it easier for mid-stage startups to go public AND the incentive structures need to be changed so early stage investors (read VCs like A16Z) get outsized benefit. For most funds, this really doesn't matter, but for the mega funds like A16Z, YC, Founders Fund, etc this is a make-or-break policy as most of their portfolio are mid-late stage startups that have been pushing off IPOs because they are too small for the current market, and taking acquisitions at what a number of early stage investors view as a suboptimal price - doesn't matter to the founder because they have cash, but it does to large early stage investors. A direct listing or SPAC would be the ideal "IPO" method envisioned, but that has been cracked down on as well (and rightfully so tbh) [0] - https://www.cnbc.com/2013/07/11/andreessen-talks-tech-boom-broken-ipo-market-immigration.html https://www.cnbc.com/2013/07/11/andreessen-talks-tech-boom-b... [1] - https://www.vox.com/2014/6/26/5837638/the-ipo-is-dying-marc-andreessen-explains-why https://www.vox.com/2014/6/26/5837638/the-ipo-is-dying-marc-...
- tgma 2y ago
  Do you have any references for Thiel supporting Lina Khan's position on antitrust? Thiel does not appear to love Google and sees them as somewhat of a formidable opposing force, and that sometimes shows, so I can see he would enjoy his popcorn when Google is attacked by FTC, but it does not appear he would be aligned with Khan in principle.
- Epa095 2y ago
  It's 'interesting' that the best way to to deduce a candidates policy in a topic is to map out what the billionaires paying them wants.
refurb 2y ago
Donald has mentioned many time the tech monopolies and the power they possess

deprecative 2y ago

[flagged]

typeofhuman 2y ago
[flagged]
- mathgradthrow 2y ago
  Matt Gaetz definitely had sex with a 17 year old girl, and his friend who did the same got 11 years in prison for it.
  - akira2501 2y ago
    [flagged]
    - typeofhuman 2y ago
      It was more than a "lack of action" by the DOJ, they full on cleared him of any wrongdoing.
    - mtnGoat 2y ago
      You really should check your facts on that first statement my friend. Frankly you are dead wrong and should not be spreading this kind of false info, it’s dangerous to minors. Only 24 states have age of consent below 18, and a number of those have restrictions on age gaps between participants. And of those 24 states that don’t come close to covering “the majority” of the population of the United States.
      - typeofhuman 2y ago
        They were two states off from being factually correct with their "majority" comment. Barely an exaggeration and far from warranting your overreaction.

jordanb 2y ago

Maybe we should also cling to hope because JD said some nice things about her too but let's be real: the billionaires want her gone. Elon has already tweeted that she will be fired. There's no way she will be able to stay on.

tgma 2y ago

She will be gone for symbolism if nothing else. Some of the policies attacking big tech (read: Google) may remain, but hardline acquisition ban will get relaxed for sure.