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
this post was submitted on 27 Jul 2023
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Wasn't Microsoft convicted of being a monopoly though? I mean, it was overturned, but they did something.
Would be great if the US started regulating big tech as harshly as the EU, let's see how they like that.
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
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.
Remember when FTC threw hands with MSFT....like literally last week? Yeah.
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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Nothings going to happen. Its just another headline that FTC will do something but we know how it goes.
Great, instead of one overvalued company, Jeff Bezos will own majority stakes in multiple overvalued companies.
Google next plz, and while were at it, Comcast.
Yeah, that'll happen.
Great news! I hope it happens but I won't be holding my breath. The US has gotten really bad about this kind of action over the past 20 years.
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