And literally nothing will happen.
Monopolies own the govt, they do what they want
The FTC is reportedly looking into Microsoft’s $13 billion OpenAI investment
Submitted 11 months ago by throws_lemy@lemmy.nz to technology@lemmy.world
Comments
CaptainSpaceman@lemmy.world 11 months ago
Yoz@lemmy.world 11 months ago
Fuck happened to the amazon investigation? FTC is all about news headlines and that’s it.
xodoh74984@lemmy.world 11 months ago
What happened is that the FTC is taking on Amazon in court as we speak:
alienanimals@lemmy.world 11 months ago
The FTC is pro-trust not antitrust.
circuscritic@lemmy.ca 11 months ago
Appointing Lina Khan to head the FTC is actually one of the only good things Biden has done while in office.
However, the FTC has been defanged and neutered by the courts and Congress. To say nothing of the full court press the media, especially mainstream business publications, have engaged in to attack her and limit her influence and reduce her political capital.
So unlike most of Biden’s top level appointments, I actually don’t doubt her intentions, or her goals, but I also don’t hold out too much hope as to what she’ll be able to accomplish, but not because of any lack of effort on her part.
JizzmasterD@lemmy.ca 11 months ago
Looks more like investigating having their photo taken
TechAnon@lemm.ee 11 months ago
Their lead investigator will surely sniff this one out!
/I’m going to hell!
reddig33@lemmy.world 11 months ago
You just let Microsoft buy EA. You’re not going to do shit about this either.
mosiacmango@lemm.ee 11 months ago
The FTC fully opposed it amd still is :
www.cnn.com/2023/12/06/tech/…/index.html
reddig33@lemmy.world 11 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…
jdrch@lemmy.world 11 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.
cybersandwich@lemmy.world 11 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.