Interesting that Google isn’t particularly concerned about this antitrust trial. “They basically don’t feel the doj has a real case”: >The DOJ filed its complaint against Google in this case on October 20, 2020. A couple days later, another Samsung employee suggested to Chang that the lawsuit might cause Google to loosen its interpretations of its contracts with Samsung. >Chang responded: “Actually the COMPLETE oppos…
I've seen the DOJ lose every antitrust case its filed recently. All they're doing is at worst generating bad PR for large companies and airing their dirty laundry. The US Government might actually need to pass legislation if it wants effective anti-trust enforcement.
> Last summer, I noted that it takes time for agencies to act, but that they had put a bunch of torpedos in the water, and they would be exploding over the next year and a half. That’s exactly what’s happened. And the consequences are real. The most significant one is that the merger boom that started in the 2010s is now over.
> You wouldn’t realize this success if you listen to the conventional wisdom in politics, because Wall Street is pushing a public narrative that antitrust agencies are losing in courts, and therefore they are losing their ability to stop deals. But this isn’t true, because if it were, you wouldn’t see regular reports from business publications lamenting the decline in deals, and writing things like “The average size of mergers completed is now at the lowest level in 20 years.” And you wouldn’t have deal-makers on CNBC calmly describing how hard it is to get mergers done.
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Progress is slow because the judiciary is stacked with ex corporate lawyers and lobbyists who will not interpret the law the way its written but have their own imaginary version based on the Chicago School of Economics' made up models on how the economy works.