DOE needs to stop approving mergers and acquisitions over $150 mil or so. Every such merger: Facebook/Instagram, Google/Youtube, etc has been a disaster.
$150 million is way too low today. Nearly every small acquirable company will meet that threshold. I do think that a limit could possibly be set though for companies with significant market share in the same sector. The Sprint acquisition was over $20 billion. Exxon's acquisition of Pioneer last year was around $60 billion.
Just a reminder that Google purchased YouTube in October 2006, about 18 months after it launched. Google already owned YouTube when "Charlie Bit My Finger" went viral in 2007. Google owned YouTube before they launched Chrome, back when they were still the heroes of the internet.
There might be some people who are still nostalgic for a pre-Google YouTube, but for most people the better times that they're remembering were still part of the Google era. The acquisition didn't ruin YouTube, Google ruined YouTube about 10 years later when Google as a whole pivoted for the worse.
YouTube as we know it today is only possible with Google’s acquisition. YouTube burned through literally billions of dollars for many years until it became profitable much later.
Only likes of Google could have bankrolled it. Google did this intentionally to destroy all competition in the video space. Ultimately successfully.
Way off topic, but apparently Energy is the canonical "DOE". https://www.doe.gov redirects to https://www.energy.gov. <Insert joke about whoever had the most nukes wins here.>
Yeah. The FTC under the current admin has done more anti-merger work than in the entire rest of my lifetime. I intend to do my part to let them continue on that path this November.
Google and YouTube seems pretty good. YouTube is the most old school webby experience I have these days, although now in video form, now that the web web is so walled off.