It was a pinky promise! You can’t break a pinky promise!
tinfoilhat@lemmy.ml 3 months ago
Oh but they promised! Darn. If only there was some way to regulate corporations.
scrubbles@poptalk.scrubbles.tech 3 months ago
tinfoilhat@lemmy.ml 3 months ago
Ah yes, a pinky promise. An unbreakable legal agreement between nobles.
mkwt@lemmy.world 3 months ago
If only there was some way to regulate corporations.
It’s called the Sherman Antitrust Act, and it’s why this promise was made and why the FTC cares about it now.
Transporter_Room_3@startrek.website 3 months ago
But DO they really care about it? Or is this just to placate the plebs again?
I’ll know they care when they actually manage to do something about it.
mosiacmango@lemm.ee 3 months ago
This FTC is incredibly aggressive. Lina khan is the head, a person who made waves in academia by basically redefining antitrust laws in the digital age, with a specific animus for Amazon. Shes led with FTC with teeth
During her tenure, the FTC has pushed to ban non-compete agreements, filed lawsuits against health care companies engaging in anti-competitive practices, and launched a high-profile lawsuit against Amazon.[3] In 2022, the FTC and the DOJ’s anti-trust division blocked a record number of mergers on anti-trust grounds.[4] ABC News described her as taking a more aggressive approach on anti-trust, and earning some conservative supporters during her confirmation and tenure.[1]
mkwt@lemmy.world 3 months ago
I dunno. I was mostly just trying to explain why the federal government might care about video game pricing at all.
Asafum@feddit.nl 3 months ago
Isn’t this exactly what Chevron Deference was about? I don’t know how clearly defined the law actually is, but this seems like a prime case for the rubber stamp SCOTUS to jump on and say “actually according to a pig shit farmer from 9500bc the law was meant to mean that monopoly power is awesome.”
Sabata11792@ani.social 3 months ago
The FTC sent an angry letter, that will surely stop them.