The FTC is asking Alphabet, Amazon, Apple, Facebook, Microsoft about acquisitions from the past decade that were small enough to not be reported to the gov't
FTC to review acquisitions made by Alphabet, Amazon, Apple, Facebook and Microsoft — The Federal Trade Commission …
Financial Times Kadhim Shubber
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Discussion
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@chopraftc
Rohit Chopra
on x
Many giant companies are convinced that their dominance is due to their genius and innovation. But the truth is that so many can get big by swallowing up or shutting down potential threats. They don't need to invent killer apps if they can stay on top through killer acquisitions.
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@shiraovide
Shira Ovide
on x
FYI: Google-Doubleclick closed 2008 Google-YouTube 2006 Google-AdMob 2009 Facebook-Instagram 2012 Facebook-WhatsApp 2014 Facebook-Onavo 2013 https://twitter.com/...
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@paulvieira
Paul Vieira
on x
US regulators opened a new front in their investigation of big tech firms, seeking to determine whether the industry's giants acquired smaller rivals in ways that harmed competition, hurt consumers and evaded regulatory scrutiny. https://www.wsj.com/...
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@charlesfitz
Charles Fitzgerald
on x
“The Federal Trade Commission ordered five big tech companies to provide detailed information about their previous acquisitions...” Microsoft is hoping they'll revisit the Nokia acquisition ;-) https://www.wsj.com/...
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@lizclaman
Liz Claman
on x
Big tech shows uptick in market despite FTC concerns: @dwaddell7 https://video.foxbusiness.com/ ... #ClamanCountdown
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@chopraftc
Rohit Chopra
on x
Google didn't invent YouTube. Facebook didn't invent Instagram. And the list goes on and on. That's why I voted to order @Google, @Facebook, @Amazon, @Apple, & @Microsoft to hand over a decade of records about their buying binge. https://www.ftc.gov/...
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@danielnewmanuv
Daniel Newman
on x
This is certain to get interesting. Very hard for FTC to measure but the scrutiny in some cases may be warranted. #Tech #FTC https://twitter.com/...
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@cswilsonftc
Christine S. Wilson
on x
Whether we are netting potentially harmful Big Tech deals for merger review is a good question. Studies show the same question arises in health care markets like dialysis, pharma, and hospitals. @chopraftc and I encourage the @FTC to take a look. https://www.ftc.gov/... https://t…
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@jason_kint
Jason Kint
on x
Interesting timeframe. Google: YouTube - 2006 Doubleclick - 2007 Admob - 2009 Facebook: Instagram - 2012 WhatsApp - 2014 https://www.wsj.com/... https://twitter.com/...
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@ingridlunden
Ingrid
on x
The FTC confirmed that it could in fact take retroactive actions if it deemed that some of these smaller, previously reported acquisitions did possibly cross antitrust regulations. https://twitter.com/...
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@hshaban
Hamza Shaban
on x
As many have said, regulators were supposed to have reviewed these mergers *before* they approved them, and consumer advocates at the time pointed to the problems that the FTC only now seems to be reconsidering https://www.washingtonpost.com/ ...
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@juddlegum
Judd Legum
on x
WHOA: “The Federal Trade Commission issued Special Orders to five large technology firms, requiring them to provide information about prior acquisitions not reported to the antitrust agencies under the Hart-Scott-Rodino (HSR) Act.” https://www.ftc.gov/...
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@mikeisaac
Rat King
on x
fwiw this is a big deal the past decade of bigco strategic tech acquisitions have arguably made all the difference about who has been at the top and stayed there i can't even imagine what looking into google ad tech stack acquisitions will be like