As the FTC prepares to use a novel, untested argument to challenge Meta's Within acquisition, officials say a loss could spur Congress to rewrite antitrust laws
As the Federal Trade Commission prepares to face off in court against Meta over a V.R. start-up deal, the agency is testing … Tweets: @adamkovac , @florianederer , @tonyromm , and @fbbagholder Tweets: Adam Kovacevich / @adamkovac : In @dmccabe's good curtain raiser of FTC v. Meta/Within, @linakhanFTC finally says the (long-suspected) quiet part out loud: She's bringing a likely losing case in the hope Congress reacts by passing new antitrust laws. https://www.nytimes.com/... https://twitter.com/... Florian Ederer / @florianederer : FTC v. Meta/Within kicks off on Thursday. Mark Zuckerberg is expected to testify. The FTc argument is that Meta's deal would hurt potential competition ... an argument with which followers of this account should be quite familiar. https://www.nytimes.com/... Tony Romm / @tonyromm : all the talk about regulating tech — and breaking 'em up and whatnot — long has neglected this reality. for years, the regulatory agencies have asked for better guiding laws. and congress largely has responded with messaging bills on narrow concerns. https://www.nytimes.com/... @fbbagholder : Quite an interesting read The FTC might be going after Meta's supernatural acquisition knowing they might lose, which would tip off congress into updating antitrust laws to fuck over big tech even more in the future. @linakhanFTC is brutal https://www.nytimes.com/... https://twitter.com/...