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I think she's done such great work on the administrative side of things with junk fee bans, etc., but I feel like she has also burned an enormous amount of taxp
by idopmstuff 2y ago
I think she's done such great work on the administrative side of things with junk fee bans, etc., but I feel like she has also burned an enormous amount of taxpayer money on lawsuits that don't have value (like suing Meta for acquiring the tiny VR fitness company).
It feels like she's just against any acquisitions by large companies, and I think that's both too broad of a stance for the FTC to take (as opposed to really looking on a case-by-case basis of whether consumers would be hurt by an acquisition) and also harmful to new companies being created, since suddenly an important option for exits is a whole lot less likely as large companies hesitate to be acquisitive.
- lobsterthief 2y agoLawsuits are one of the few enforcement mechanisms the FTC has.
- idopmstuff 2y agoOf course, not disputing that, just saying that I think she uses that enforcement mechanism in a way that is more harmful than helpful to American consumers and the to the economy.
- jjeaff 2y agoShe also blocked the huge grocery conglomerate merger. I don't think most of their cases were of tiny acquisitions.
- idopmstuff 2y agoTrue, but even on the big ones, she blocked Spirit/JetBlue. Now Spirit's declared bankruptcy. She spent a bunch of taxpayer dollars to block a merger and made the American consumer worse off as a result.