Will Lina Khan and her colleagues be up to the task?
Activision trades at a big discount
The high cash generation of Big Tech monopolies enables them to buy competitive industries, where the largest companies face stiff competition, make modest profits and have relatively small market caps.
Regulators have to stop the 'Frightful Five', already more powerful than most nations, before the global economy becomes a huge cartel.
In this particular case,
Microsoft has invested $80 billion in 15 months, which dwarfs the combined free cash flows of PlayStation, Nintendo, Activision Blizzard, EA and Take-Two in the 2010s,
in order to become the #1 video game company in NA, and the #1 publisher in EU (smh) and NA.
Slowing down Microsoft and its Big Tech peers will only prolong the agony. If regulators don't step up and put an end to this nonsense, the best case scenario would be a string of M&A between the largest video-game companies in order to stop the Big Tech. Either way, gamers will be the biggest losers.
Who wants Playtendo, Nincent or Play-Two? I don't.