Proved

The Big Tech Hearing Proved Congress Isn’t Messing Around

Lawfully speaking, this is damning stuff. The Clayton Act of 1914, the most important federal antitrust statute, explicitly prohibits company acquisitions if “the outcome of this sort of acquisition may perhaps be substantially to reduce competitors, or to have a tendency to generate a monopoly.” As Jerrold Nadler, the chairman of the Household Judiciary Committee of which the antitrust subcommittee is a element, set it, referring to the Instagram deal, “This is specific the style of anti-competitive acquisition that the antitrust laws had been intended to protect against.” (Zuckerberg, for his element, pointed out the right way that the Federal

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