Read similar news about meta , google and even microsoft ! Now it feels like a hogwash !
this post was submitted on 27 Jul 2023
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The FTC hasn’t had a spine in decades, I doubt anything will come of this. It would be nice for once if the government actually gave a shit about monopoly busting, but they don’t care anymore. Not when corporations are legally allowed to bribe the ones making legislation, oh and also companies can be people now
The FTC has had a spine since 2020, they have been really busy - https://www.ftc.gov/news-events/news/press-releases
Does this need to happen? By God yes, a thousand times over. Will it actually happen with a positive effect? Big doubt.
They will settle for increased regulation, knowing their army of lawyers will be able to manage it all while the little guy will get snowed under.
So we’ll see even more small businesses fail while Amazon will continue to grow because the gov’t was lobbied into killing the competition.
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Would be great if the US started regulating big tech as harshly as the EU, let's see how they like that.
Remember when FTC threw hands with MSFT....like literally last week? Yeah.
Yeah I see no way this happens, if they wouldn't involve themselves in Microsoft being a monopoly /anticompetitive they sure as hell ain't going to combat Amazon
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If this does happen, I hope they find a way to do it that doesn't make Bezos and the like richer, like what happened with Standard Oil years ago.
Great, instead of one overvalued company, Jeff Bezos will own majority stakes in multiple overvalued companies.
Nothings going to happen. Its just another headline that FTC will do something but we know how it goes.
So then all the workers lose their jobs? That doesn't sound good