callaci1_Kent Nishimura  Los Angeles Times via Getty Images_department of justice Kent Nishimura / Los Angeles Times via Getty Images

Curbing Merger Mania

The United States is in the midst of a historic wave of corporate mergers that threatens to stifle innovation. US competition agencies would do well to remember the spirit of 1968 and put corporations on the path to investing in new products, processes, and marketing techniques.

WASHINGTON, DC – In late February, the US Federal Trade Commission dropped its attempt to block Meta’s acquisition of the virtual-reality company Within. The decision followed a US federal district court decision rejecting the FTC’s claim that, by depriving the market for VR fitness-apps of a potential entrant, the merger would be likely to reduce competition substantially.