The FTC is pursuing a dangerous 'by any means necessary' approach to antitrust enforcement.
“ The FTC is blocking companies from making the investments they need to support the next generation of technological advancements. ”
This new antitrust movement has long been motivated by the prospect of dulling the perceived power of large technology firms. And under Khan’s leadership, the FTC has adopted a “by any means necessary” approach to accomplishing that goal — even if it means reopening closed cases or siccing European regulators on American companies when legal proceedings on this side of the Atlantic don’t result in decisions favorable to the FTC.
The FTC is blocking companies from making the investments they need to support the next generation of technological advancements. Take, for instance, the FTC’s ill-fated efforts to block Microsoft’s MSFT, +1.49% acquisition of video game maker Activision Blizzard ATVI, -0.01%.
“ The FTC’s aggressive stance toward mergers and acquisitions generally has the effect of suppressing investment in startups. ”
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