3 ms·
Partly our regulatory system unfortunately was timid and defanged and philosophically approving of a lot of mergers in general (neoliberalism + Laissez Fair Con
by miltonlost 2y ago
Partly our regulatory system unfortunately was timid and defanged and philosophically approving of a lot of mergers in general (neoliberalism + Laissez Fair Conservatives). The FTC didn't do the discovery to get the smoking gun email of Zuckerburg saying how he was doing the buyout specifically to "neutralize a potential competitor," (as The New York Times reported).
To anyone on the side of anti-trust, it was clear even without that email as to how much Instagram and WhatsApp were growing, and thus Facebook was Standard Oiling.