I hear what you are saying and agree but wonder if this would have the effect of stifling the creation of new companies as so many people start a company with the hope of being acquired.

Oh no, what will we do without the companies running on funding, without a viable business model, trying to get more monthly active users by any means. /s

I don't think this approach has been healthy for quite a while. It may be an actual good thing that companies think more about long-term independent survival.

I think this exact thinking has perverted the idea of business and has steadily been eroding consumer trust in small business and their offerings.

MGM is dying so they really needed to be acquired or otherwise invested in.