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If the purpose of an acquisition is to quash competition that is bad. Monopolies are bad. Another purpose of acquisitions is to acquire a new capability that y
by callc 1y ago
If the purpose of an acquisition is to quash competition that is bad. Monopolies are bad.
Another purpose of acquisitions is to acquire a new capability that you could not do in house that you do not already compete on.
- dmix 1y agoInstagram was and still is in a highly competitive market. Previously it was Snapchat at the time and now it's Tiktok. Not to mention YouTube shorts, Reddit, Twitter, and every other service focused on video and pictures. I don't think any social media consumer is lacking choice.
- callc 1y agoRegardless of how much “choice” there is in a market, FB made an anti-competitive play. Now we all have n-1 choices. The question of whether society should allow companies to perform anti-competitive actions should not be “will we be left with enough choices?”, but should be “is this an anti-competitive action?”