FTC Chair Lina Khan considers blocking some roll-up strategies on anti-trust grounds
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She is such a worthless grifter. Look at her background and tell me why she was qualified to lead the FTC.
I wouldn't trust her to do an IB mba internship properly let alone run a federal organization.
Ensuring competitiveness of markets is something everyone should be getting behind. Over consolidation hurts everyone. Yes she doesn't seem like the most qualified candidate though.
Hopefully this will be about as successful as her attempt to block Microsoft's acquisition of Activision
This doesn't seem to make much mathematical sense. If a merger from idk 15% -> 40% market share would be outlawed, then at least one of the mergers to get from 15% -> 25% -> 30% -> 40% (for example) would have to be illegal too. If antitrust law were only based on deltas, Khan's logic might make sense, and the Clayton Act does indeed bar "substantially lessened competition" which might wink at that concept. But the law also outlaws mergers that "tend to create a monopoly" which was logically meant to take care of exactly this kind of problem.
It's crazy for the government to block a 15% -> 25% merger that would be legal alone by speculatively wishcasting that the pro forma entity might make further acquisitions later on. And if you wait to prosecute after several roll-ups, what's the remedy? Do courts have to throw out just the latest merger or also throw out the last two to five roll-ups? How would the legal system even oversee that process if integration was completed over several years rather than operation as a standalone subsidiary? None of this makes much sense.
Another day, another overpaid and unqualified bureaucrat who has never worked a day in the private sector. It’s comical how heavy handed her agenda is. It’s like she was charged with ignoring all established antitrust case law to further some populist dream. It will remain a dream.
I can not believe this is the FTCs focus and not breaking up big tech lol
The Activision thing was stupid too. Does it really matter if there's less competition in....video games. Why does the government care so much...
Totally understand for consumer goods/staples.
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