News for hackers. Stuff that matters.

A comment on US judge blocks $2.2B Penguin Random House merger.

Re:US judge blocks $2.2B Penguin Random House merger by seibelj on Monday October 31, 2022 @11:56PM (#33416713)
Oh man remember when Meta / Facebook was a monopoly and we had to do everything in our power to stop them? And now their stock is down 75% in the last 12 months and they are getting beaten up by competitors? And without any government intervention! It's almost like the world is always dynamic and who is on top today isn't on top tomorrow...
[ Parent | on HN ]
Re:US judge blocks $2.2B Penguin Random House merger by heavyset_go on Tuesday November 01, 2022 @12:40AM (#33417001)
"There's no need to get the government involved, the person stabbing you in the face will stop when they get tired."
[ Parent | on HN ]
Re:US judge blocks $2.2B Penguin Random House merger by seibelj on Tuesday November 01, 2022 @12:49AM (#33417065)
Right! Better to destroy a business via government intervention “just in case”
[ Parent | on HN ]
Re:US judge blocks $2.2B Penguin Random House merger by voz_ on Tuesday November 01, 2022 @12:53AM (#33417097)
Consumer protection is not "destroying a business"
[ Parent | on HN ]
Re:US judge blocks $2.2B Penguin Random House merger by bombcar on Tuesday November 01, 2022 @12:59AM (#33417138)
In that case they literally almost always only get involved long after the stabbing is over.

So by that argument allow the merger and if it turns out antitrust fine the ever living shit out of them.

[ Parent | on HN ]
Re:US judge blocks $2.2B Penguin Random House merger by andrewflnr on Tuesday November 01, 2022 @12:29AM (#33416921)
Sometimes we get lucky. Smart civilizations don't count on luck.
[ Parent | on HN ]
Re:US judge blocks $2.2B Penguin Random House merger by croes on Tuesday November 01, 2022 @01:09AM (#33417194)
>they are getting beaten up by competitors

Sure? https://news.ycombinator.com/item?id=33407857

[ Parent | on HN ]
Re:US judge blocks $2.2B Penguin Random House merger by paulpauper on Tuesday November 01, 2022 @01:23AM (#33417277)
stock price being down 70% is not the same thing as losing dominance
[ Parent | on HN ]
Re:US judge blocks $2.2B Penguin Random House merger by wvenable on Tuesday November 01, 2022 @02:24AM (#33417685)
Facebook active users have increased so their influence is only increasing.

But I disagree that Facebook is a monopoly -- their market is advertising and there is still plenty of active competition in the online advertising marketplace.

[ Parent | on HN ]