Why the FTC Wants to Revisit Hundreds of Deals by Big Tech | WIRED
▻https://www.wired.com/story/ftc-special-order-review-big-tech-killer-acquisitions
Silicon Valley’s “if you can’t beat ’em, buy ’em” approach comes under federal scrutiny. Some antitrust experts say better late than never. When Facebook bought WhatsApp for $22 billion in 2014, many observers scratched their heads. The smaller messaging platform had annual revenues in the low tens of millions. How could it be worth so much ? Soon enough, however, Facebook’s logic became clear. While little noticed in the US, WhatsApp was already a juggernaut overseas, with hundreds of millions (...)
#Alphabet #DoubleClick #Google #Amazon #Facebook #Picasa #Snapchat #WhatsApp #Zappos #AdMob #domination #lutte #FTC #WholeFoods #Apple #Microsoft #Nest #Gmail #Instagram (...)