Meta Platforms:Regulatory Environment: Difference between revisions

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 === <big>Scholars or Experts Assestment</big> ===
+<u>UCLAAnderson Antitrhust Conference with Legal Experts (Nov 2023)<ref>https://www.youtube.com/watch?v=7WHzn_IdkHk</ref></u>
+* US antitrust agencies lack the ability to set prospective rules of the road, while in the rest of the world, there is more opportunity to limit certain behaviors (13:30)
+* The DOJ and FTC cannot stop a merger or break up a monopoly; they can only ask a federal judge to do that. This is different from other parts of the world (e.g., the EU), In the US the idea needs to be sold to the judge to decide, and they cannot do it themselves (16:30).
+* Proposals to give the FTC more power to set rules have all failed in Congress in recent years. In the US, antitrust enforcement requires litigation, taking about 5-6 years for these cases to be resolved (30:00)
+* These companies got big by their own merits, and that's okay. However, the problem has been the behavior of these companies regarding acquisitions to eliminate any threat of competition (25:30).
+* The DOJ and FTC are trying to hire a lot of trial lawyers to solidify their cases against the judges (22:30).
+* Cases involve very detailed factual analysis; opinions on the matter don't matter much. While the technical and economic case matters a lot, what matters the most is the communication and emails that show the intention or objective (43:00).
+* For the last 40 years, there has been a more conservative view on antitrust law, but this has started to change recently with people like Lena Khan (50:30).
+* The Microsoft case proved that the enforcement of the law does not kill innovation but instead allowed for more entrants later on (53:30)
+* Changing the conservative view on antitrust in the US will be an incremental fight. The current FTC leader is moving in the right direction by updating some policy guidelines and bringing some cases, though they will still win some and lose some (56:30).
+* While Congress could change the law to deal with these companies, this route is probably hopeless. So, the route currently remains the same as they took with Microsoft back then, but it is a very difficult fight to make and win since the due diligence needed is challenging doe DOJ and FTC (56:00).
 === <big>BI Partisan Support</big> ===
 == References ==