In the age of the internet, unfounded claims can achieve widespread adoption at remarkable speed. Antitrust regulators have apparently fallen prey to this malady. In the U.S., Europe, the U.K. and other jurisdictions, regulators have adopted the view that acquisitions of startups by large tech platforms are being used systematically to “kill” competitive threats. Other regulators assert that acquisitions by large tech platforms create “kill zones” into which startups are reluctant to enter. To preempt these adverse effects, regulators have blocked or delayed incumbent/startup acquisitions on contestable grounds. In 2022-23, the Federal Trade Commission alleged but failed to show co
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