Senate Antitrust Subcommittee Hearing on Big Tech and Antitrust Concerns
The Senate Antitrust Subcommittee heard from various parties on whether Big Tech companies have been allowed to become serial innovation killers, buying up tech start-up competitors before those competitors are large enough to raise red flags with regulators. A Federal Trade Commission witness said the agency was definitely retrospectively reviewing such "killer acqs" (acquisitions), and could break up or shake up already-merged companies if that is the appropriate structural remedy.