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FTC and State Attorneys General File Antitrust Suits Against Facebook: Instant Reaction

Carl Szabo, vice president and general counsel, NetChoice

“What this will do is put a chilling effect on the ability of the platforms to do acquisitions, and that has a trickle-down effect,” said Szabo, referring to the impact the Facebook complaint’s focus on past mergers will have on the innovation economy. “It means that investors will be less likely to invest in the next new idea because the opportunity for an acquisition has been reduced.”