this post was submitted on 15 Jul 2023
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I don't know what to think about this acquisition. What I do know is that the FTC should pick their battles in a different way. There are at least a couple of other tech companies (Google, Amazon) that should be broken up because they're monopolies and I don't know why nobody at the FTC seems to be looking at them.
They have been picking their battles.
Breaking an existing company up into multiple smaller companies is an order of magnitude more difficult for a US regulator than stopping a company from buying another one. The FTC is running face first into a legal system that has methodically chipped away at anti trust law for generations. That's the obstacle here, not picking the wrong battles.
Poorly. Very poorly. Under Khan they've been an absolute shitshow of mismanagement.
Big corporation gobbling up even more of the market is NEVER good for anyone but the corporation and it's shareholders.
Not for the consumers. Not for the gobbled. Just for the gobblee.
The Adobe purchase of Figma should never have been allowed.
What's Figma?
(Honestly I don't actually want to know what Figma is, I mostly just want to make someone giggle childishly)
It's used to design websites for the most part.
Like Photoshop but geared towards web pages.
The big thing was they did great co-authoring. Adobe tried and failed at it multiple times and started losing market share to Figma, so instead of competing they just bought it. Like they did with Macromedia.
The FTC is actually looking at Google
Source: https://www.ftc.gov/news-events/news/press-releases/2023/02/ftc-approves-final-orders-against-google-iheartmedia-deceptive-air-endorsements-googles-pixel-4
The Department of Justice (DOJ) also recently filed an anti-trust lawsuit against Google in particular.