this post was submitted on 18 Nov 2024
621 points (98.7% liked)

Technology

60047 readers
2817 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 2 years ago
MODERATORS
 

Note: Original report by Bloomberg, article by Reuters proxied by Neuters to bypass paywall.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 21 points 1 month ago (1 children)

I‘ve actually when something like this will happen. A few years ago German energy providers and distributors needed to split, because it gives you an unfair advantage if you own both. Whole companies were split in two. People working for years together would no longer work together. In the end consumer were much better off after the split. I feel the same way with internet browser. It is unfair if you own the infrastructure (Chrome, energy grid) and the services that run on it (YouTube, power plants).

[–] the_crotch 18 points 1 month ago (2 children)

The US did this to AT&T. It was broken up into dozens of "baby bells". Then it gradually bought them all back up and now it's as big as it ever was

[–] [email protected] 9 points 1 month ago (1 children)

Thats stupid of the US to not block the merges again then.. :p

[–] the_crotch 7 points 1 month ago (1 children)

Well this process also spawned Verizon, so they do have legitimate competition now and that's what matters to antitrust actions

[–] [email protected] 2 points 1 month ago* (last edited 1 month ago)

Very true, but in due time verizon could also be bought. Hence fcc should technically block it, like the nvidia and arm merge.
Or microsoft and activision ( which was heavily contested ).
Both were heavily contested worldwide

[–] [email protected] 9 points 1 month ago

Bell telephone. AT&T was one of the resulting companies.