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Meta antitrust trial kicks off in federal court

(www.axios.com)
431 points c420 | 1 comments | 14 Apr 25 13:18 UTC | HN request time: 0s | source
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iambateman ◴[14 Apr 25 19:45 UTC] No.43685448[source]▶
> Meta could have chosen to compete with then-upstart photo sharing app Instagram in 2012, a senior FTC official said on a call with reporters ahead of the trial, but instead it bought it, and did the same with WhatsApp.

This has a potentially very-chilling effect on acquisitions, which are a major source of liquidity for lots of secondary companies.

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zombiwoof ◴[14 Apr 25 19:50 UTC] No.43685511[source]▶
Maybe these companies should be built to last not be acquired into monolithic borgs
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lenerdenator ◴[14 Apr 25 19:57 UTC] No.43685611[source]▶
But then they'd have to compete and not just shovel more money into the pockets of major individual shareholders, along with the retirement and pension funds of a generation that needs to drastically scale back its post-career ambitions.
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1. ◴[14 Apr 25 22:56 UTC] No.43687198[source]▶