The FTC's focus on 'small' acquisitions by tech companies is the first shot in a big new battle
"There's a huge question here of the shadow that the big-tech firms cast across Silicon Valley or across the startup world," Melamed said.hit Alphabet with three fines of more than a billion dollars each
"Similar patterns of 'stealth consolidation' have been observed in pharmaceutical and hospital markets," commissioners Christine Wilson and Rohit Chopra said in their statement. "We urge the Commission to consider similar ... studies across other industries to ensure that we have a more complete understanding about the competitive effects of non-reportable mergers writ large.
It's too early to know what the study will find or how the agency or other policymakers will respond to it. But one potential outcome could be that the FTC forces the big tech firms to undo some of their previous small-scale mergers. Simons himself suggested on the call that the agency could head in that direction as part of its inquiry.
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