AI Snips
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Government Seeks Merger Do-Over
- Meta's trial is essentially about the government wanting a do-over on approved mergers from 10 years ago.
- The government assumes a hypothetical market evolution that is difficult to predict, affecting consumer welfare judgments.
Narrow Market Definition Risks Harm
- The FTC narrowly defines the personal social networking market, excluding major competitors like TikTok.
- This narrow focus risks extreme remedies that could harm consumers and future antitrust law.
User Behavior Shows Market Dynamics
- Trial hinges on defining the personal social networking market centered on close communication.
- Evidence shows users jump between platforms like TikTok, YouTube, and Twitter, highlighting real competitive dynamics.