Apple & Big Tech Use ‘Loopholes’ to Escape Merger Regulations, Says FTC
16th September 2021
Federal Trade Commission chair Lina Khan says that Big Tech firms, including Apple, had exploited “loopholes” to make hundreds of acquisition deals without informing antitrust regulators.
The FTC has published a report describing 819 incidents of transactions, over 10 years, which were small enough to not require regulatory approval. The transaction range from changes of voting control, to patent acquisition, and hiring.
So these transactions are perfectly legal, and ‘loophole’ merely means that the bureaucrat in question doesn’t like them. Suck it up, buttercup. As long as they obey the law, it’s outside your playground. If you don’t like the law, get it changed.