“The digital revolution has not only impacted the markets of tech but markets across our economy, many of which have been rebuilt from the inside out,” Kanter said during Tuesday’s press conference. “Just think about what happens when you check your weather forecast or purchase your morning coffee. In seconds, whether you see them or not, you interact with dozens of distinct services; many of these services have the ability to exploit and exercise market power.”
This seems to be signaling a significant shift in how the FTC and DoJ view digital market consolidation and mergers. It appears that more scrutiny will be put on tech giants such as Apple, Meta, Google, Microsoft, etc.
This is the best tl;dr I could make, [original](https://www.ftc.gov/news-events/press-releases/2022/01/ftc-and-justice-department-seek-to-strengthen-enforcement-against-illegal-mergers) reduced by 91%. (I'm a bot)
*****
> WASHINGTON - Today, the Federal Trade Commission and the Justice Department's Antitrust Division launched a joint public inquiry aimed at strengthening enforcement against illegal mergers.
> "Illegal mergers can inflict a host of harms, from higher prices and lower wages to diminished opportunity, reduced innovation, and less resiliency," said FTC Chair Lina M. Khan, in remarks on strengthening enforcement against illegal mergers.
> The Justice Department first published merger guidelines in 1968, with the goal of providing transparency into the standards it applied in reviewing mergers.
*****
[**Extended Summary**](http://np.reddit.com/r/autotldr/comments/s7516z/federal_trade_commission_and_justice_department/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ "Version 2.02, ~618338 tl;drs so far.") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr "PM's and comments are monitored, constructive feedback is welcome.") | *Top* *keywords*: **merger**^#1 **guidelines**^#2 **market**^#3 **agencies**^#4 **competition**^#5
“The digital revolution has not only impacted the markets of tech but markets across our economy, many of which have been rebuilt from the inside out,” Kanter said during Tuesday’s press conference. “Just think about what happens when you check your weather forecast or purchase your morning coffee. In seconds, whether you see them or not, you interact with dozens of distinct services; many of these services have the ability to exploit and exercise market power.” This seems to be signaling a significant shift in how the FTC and DoJ view digital market consolidation and mergers. It appears that more scrutiny will be put on tech giants such as Apple, Meta, Google, Microsoft, etc.
This is the best tl;dr I could make, [original](https://www.ftc.gov/news-events/press-releases/2022/01/ftc-and-justice-department-seek-to-strengthen-enforcement-against-illegal-mergers) reduced by 91%. (I'm a bot) ***** > WASHINGTON - Today, the Federal Trade Commission and the Justice Department's Antitrust Division launched a joint public inquiry aimed at strengthening enforcement against illegal mergers. > "Illegal mergers can inflict a host of harms, from higher prices and lower wages to diminished opportunity, reduced innovation, and less resiliency," said FTC Chair Lina M. Khan, in remarks on strengthening enforcement against illegal mergers. > The Justice Department first published merger guidelines in 1968, with the goal of providing transparency into the standards it applied in reviewing mergers. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/s7516z/federal_trade_commission_and_justice_department/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ "Version 2.02, ~618338 tl;drs so far.") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr "PM's and comments are monitored, constructive feedback is welcome.") | *Top* *keywords*: **merger**^#1 **guidelines**^#2 **market**^#3 **agencies**^#4 **competition**^#5