Should corporations the size of Microsoft (almost 25x of Sony, the 2nd nearest competitor) be allowed to make acquisitions of this size to grow itself, and weaken competition. Antitrust law is one of the FTC's mandates, then this is what they are tasked to do.
When (tech) corporations are too big, I can think of many ways it can cause destruction to society. Only have to look at Facebook in the 2016 election. And tech companies will continue to grow, and become too big to fail, unless reigned upon as with past crises, like with banks. Only this time, they have all your information, can surveil you, etc, and with AI pretty soon.
>Should corporations the size of Microsoft (almost 25x of Sony, the 2nd nearest competitor) be allowed to make acquisitions of this size to grow itself, and weaken competition.
Sure. Becuase they aren't even a monopoly in the gaming space to begin with. If you could simply outspend to become a major gaming competitor, Amazon should be #1 by now.
It's clearly not that simple so I'm not concerned about Sony suddenly declining. And meanwhile, Nintendo sits in its own throne above Sony/MS as if it's watching two children on a playground.
> I can think of many ways it can cause destruction to society. Only have to look at Facebook in the 2016 election.
Do you really think a loosely historical shooter game most people use to compete against one another will be used to control information for national elections? I simply don't see it, but who knows?
Even if so: the big issue with that comparison is that your grandparents aren't playing COD. Mine were on FB around that time.
When (tech) corporations are too big, I can think of many ways it can cause destruction to society. Only have to look at Facebook in the 2016 election. And tech companies will continue to grow, and become too big to fail, unless reigned upon as with past crises, like with banks. Only this time, they have all your information, can surveil you, etc, and with AI pretty soon.