For more context. A long but good read on the current FTC chairman.
See her recent attempt to prevent Meta from acquiring Within. There is no sane, level-headed case that could possibly paint this acquisition as an antitrust violation. Even most legal experts will agree that Lina Khan's case is a stretch at best.
It's clear that this case is simply motivated by a hatred for Meta more than anything rational, and such decision making can harm the emergence of nascent technology such as AR/VR.
Instagram falls into the same category. When Mark acquired it, it was tiny. He is who grew it. Facebook acquired a mobile camera app because it didn't have an app yet. Same how it acquired Beluga and turned it into messenger. Adobe acquiring Photoshop, then Macromedia. Mirosoft acquiring Powerpoint and then hotmail.com.
Those who really care about the development of particular technologies typically don't welcome consolidation in related industries. It wouldn't have been good news for electric cars, if Tesla had been acquired by GM in say 2008. Why the unhinged invective against Khan?
Plenty of mergers and acquisitions have driven technological progress, and so long as they aren't anticompetitive it's not problematic. See Meta and Oculus, for instance, or Apple's merger with Next.
Acquisitions and mergers fundamentally reduce duplication of work and allow you to combine building blocks to create something greater. Blindly blocking any and all of them as Khan is, is indicative that her bias against big tech has the potential to harm progress overall for no perceivable actual gain.
Oh no, how the big tech has suffered since she took up the post, their profits have... Tripled? This cant be right!
Is Big tech a cult and anyone not worshipping them is the enemy?
You do realise her job is to police big tech, not to do their bidding. She should like them no more than a prison guatdrd likes prisoners.
>Within was named[13] the #1 VR app for iOS by Apple Insider, featured[13] as "Best New App" on iTunes and is the most downloaded and highest rated[14] cinematic VR app for Google Cardboard.
This appears to be a clear-cut case of consolidation of key companies operating in a sector. Care to share why you think this isn't "sane"?