Comment on The FTC is reportedly looking into Microsoft’s $13 billion OpenAI investment

reddig33@lemmy.world ⁨9⁩ ⁨months⁩ ago

• mosiacmango@lemm.ee ⁨9⁩ ⁨months⁩ ago

  The FTC fully opposed it amd still is :

  www.cnn.com/2023/12/06/tech/…/index.html

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  • reddig33@lemmy.world ⁨9⁩ ⁨months⁩ ago

    “The FTC withdrew its request after courts did not find their anti-trust compelling to block the merger”

    …wikipedia.org/…/Acquisition_of_Activision_Blizza…

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    • mosiacmango@lemm.ee ⁨9⁩ ⁨months⁩ ago

      My article is from 3 days ago. When was the source in Wikipedia updated?

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      • reddig33@lemmy.world ⁨9⁩ ⁨months⁩ ago

        The deal has already closed. I wish them luck.

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• jdrch@lemmy.world ⁨9⁩ ⁨months⁩ ago

  The FTC tried & failed. They’ll most likely fail here too. It’s tough for courts to rule against what the FTC sees as unfair competition when even the judges are likely Amazon Prime & Big 3 ecosystem subscribers.

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  • cybersandwich@lemmy.world ⁨9⁩ ⁨months⁩ ago

    I’m not a lawyer or legal expert but my layman’s understanding is the laws on antitrust are a 100 years old. Most of these companies skirt them “technically”. There is thing about proving consumer harm and some of these, in the short term, are arguable better for consumers. Likewise proving an actual monopoly with old time definitions is hard because in a lot of cases there is technically competition.

    Let me end by saying, I think it’s horse she and they are plenty anti competitive practices out there, but the FTC is fighting with a hand tied behind their back with the laws in place.

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    • jdrch@lemmy.world ⁨9⁩ ⁨months⁩ ago

      I can’t imagine any law that would preclude the status quo, as Microsoft doesn’t own a controlling stake in OpenAI anyway. It sounds like the FTC is picking its targets based on market cap only.

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