A frequent argument made in favor of allowing Big Tech firms to acquire smaller firms is that permissive merger policy promotes innovative entry. A new study shows that permissive merger policy may in fact discourage entrants’ pre-merger innovation. Commentators across the political spectrum are concerned that Big Tech firms—especially Amazon, Apple, Facebook, Google, and Microsoft—have … Continue reading When Big Tech Firms Buy Startups, Antitrust Enforcers Should Take Notice