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$TWTR • When it rains it pours. $AMZN founder's WaPo is reporting that Twitter labeled factual information about Covid-19 as misinformation. Respected doctors, scientists, and advocates have had tweets flagged and accounts suspended for discussing lifesaving information.
$TWTR • When it rains it pours. $AMZN founder's WaPo is reporting is reporting that Twitter labeled factual information about covid-19 as misinformation. Respected doctors, scientists, and advocates have had tweets flagged and accounts suspended for discussing lifesaving information.
$TWTR • Lawsuit filed against the beleaguered company details how executives worked with government officials to censor Americans (including doctors and scientists) sharing "unapproved opinions" during the Covid-19 pandemic. CDC admits mistakes censoring the views. Twitter may have to pay the price.
Elon Musk says he wants Twitter to become what WeChat is for China for the west. What do you guys think? Do you think the west would ever want such a centralized app and would FTC would allow such a company to even exist with how Lina Khan sees anti-trust laws??
Is Zillow Co's (ZG) ever sharpening decline because insiders are finding out that Zillow really is a ten year turd of fraud driven off the rails by an ever widening, impossible to fill gap between commissioned sales executives and quota driven, promise failing bots?
This! Elected officials are the ones who make taxes super confusing with all of the different breaks and limits and sudden changes. Plus, there's also the whole tax filing industry that make bank on taxes being as confusing as possible even though they have to offer free tax filing alternatives (i.e. Intuit who owned TurboTax agreeing to pay $141M USD when the FTC sued them back in March of this year). I'm sure the IRS would LOVE just as much as anyone would to have a simpler tax code, but they aren't the ones who make that call.
META took out money to buy roblox to integrate it into their VR headset. They put the money safely into their FTX account until the deal went through… The FTC blocked the deal, and FTX gambled all META’s money away before they could withdraw it.
I've decided to cut my stake of ATVI Jan 2024 $80 leap calls by about half. There is no actual logical reason to stop the merger, but I think there is increased risk of a political interference US showdown. My opinion on the two warring factions being: 1. The FTC chair, [Lina Khan](https://en.wikipedia.org/wiki/Lina_Khan), known for 'Amazon's Antitrust Paradox'. She is backed by the Elizabeth Warren far-left wing of the dems. For reference, Warren recently popped out the [Anticompetitive Mergers Act of 2022](https://www.warren.senate.gov/imo/media/doc/Summary%20of%20Prohibiting%20Anticompetitive%20Mergers%20Act.pdf) featuring such illogical never-gonna-pass-things like banning all mergers over $5B. 2. The 2 Democratic senators of Washington State: [Patty Murray](https://en.wikipedia.org/wiki/Patty_Murray) and [Maria Cantwell](https://en.wikipedia.org/wiki/Maria_Cantwell). Washington state being the home state of Microsoft, who employs a lot of voters, whereas Sony HQ is located way outside Voterville. Even if Dems take Georgia to get 51 total senators, those 2 Wash senators would still have the swing vote on omnibus bills, to make their support conditional on MSFT/ATVI merger approval. They have both advocated for MSFT in the past. The logical approach would be to force MSFT to guarantee crossplatform games for foreseeable future, but I feel logic seems to give way to political gamesmanship. My impression is that Buyden would have to try to appeal to both wings of his party. So illogical things happen, with the FTC suing to put in an injunction to stop the merger and then possibly drag it out past my Jan 2024 call date.
It's getting tougher and tougher for Apple and Google to justify 30% app store fees. They could fend off the Fortnite folks, but now they're facing Elon Musk and Twitter too. Pretty much every company in Silicon Valley besides Apple and Google would benefit from a reduction in fees. Not to mention that Lina Khan and the FTC have been circling for a while. I'm not sure if I'd buy puts, but I'm not going long.
The issue is not just the "tax", not even the most important The issue is that Apple (and to "some" extent Google) is that they don't allow other stores and/or other payment processors in the apps, they _have_ to use Apple/Google (although Google is slowly changing) If anyone makes Apple change their policy it's either the FTC or the EU
No I know they were at some point, no Tesla long term is probably alright but short it til Elon is gone the FTC consent decree with Twitter is going to bog him down legally for a long time. Plus eu as well he's burnt those government bridges over this
It’s all a scam, WALLSTREET is the biggest casino there is. The HOUSE always wins. Jon Stewart did a fascinating piece where he interviewed a FTC officer, and pulled the curtains on the audacious money schemes structure by the Wall Street bandits. All set up so the little guys loses while those with the strings wins a dozen ways, no matter how the market swings. Smdh. It’s a scam, and many politicians are all in on it.. nah, not conspiratorial, we are not equipped to navigate around the labyrinth set up by these bandits, that’s why you keep losing ya money. Yeah, the house will give you just enough wins to keep you coming…
TL;DR FTC is more likely to have leaked just to throw Microsoft off balance before sitting down with their lawyers and negotiate concessions. If an entity has an incentive to cast uncertainty over the deal and make sure to make it known to the other party, it would be the FTC. It would also make sense, as the 3 sources works there. That puts them in a position of strength: negotiate with us and present something attractive, or we are prepared and won't hesitate to sue, which would make you bust the timeline for closing the deal and waste precious resources and time, even if we know we likely wouldn't win. This leak happened at a rather convenient time, since the FTC was expected to come to a decision late November, after which they'll meet with Microsoft and ask them for concessions (or outright sue). IMO it's not about manipulating the stock market, it's simply the FTC playing their cards the best they can, so they can extract the most concessions and present the case as a win for Lina Khan vs a big tech, even if there's no suit. Microsoft made a website and a bunch of interviews in which they signaled they're open for concessions to see the deal through. Using the medias to convey your intentions is nothing new. The CWA and a few Dem Senators are vouching for the deal, I don't believe a block would actually be a net positive for Lina Khan's career. She was appointed by Biden, after all. Extracting concessions ensuring the unionization happens, putting some guardrails on cloud gaming, yet allowing the acquisition to happen and put an American company in a better posture to compete against the world's top gaming leaders, THAT would be a clear win for the FTC.
Alright, bad example. What if you lose your card, someone finds it and empties your account? According to the [FTC](https://consumer.ftc.gov/articles/lost-or-stolen-credit-atm-debit-cards), a government agency, >Federal law says you’re not responsible to pay for charges or withdrawals made without your permission if they happen after you report the loss. It’s important to act fast. If you wait until someone uses your card without permission, you may have to pay some or all of those charges. It really seems like you disagree with me so I'll just say it one last time. Debit cards are very risky. I hope you never learn this lesson the hard way but a lot of people have. Using credit cards, responsibly of course, will give you a lot of protection.
Are we having two different conversations here? What is going on? Your responses get more and more incoherent. Let me try and and dumb it down. OP said FTC wants to let Elon buy Twitter so he gets screwed. And in his same conspiracy he said FTC is scared of Elon owning Twitter. That is a contradiction. IDGAF what you believe in, just at the very least don’t have paradoxically contradictory beliefs. This is the equivalent of saying: “Santa Clause is not real, only because the real Santa Claus wants you to think that” it’s a nonsense conspiracy because it is self-contriductory. Is FTC’s motive to prevent Elon to owning Twitter, or is FTC’s motive to make sure Elon owns Twitter? Wtf does Biden have to do with any of this? What box? The box of not believing a regulating agencies has two simultaneous contradicting motives? This is not shrodlinger’s box, FTC is not in a quantum state of being two different probabilities at the same time. It’s one or the other. So pick one.
Rather misleading headline. In reality the truth is that the FTC "considers suing Microsoft in attempt to block acquisition." Would then be up to Microsoft if they want to fight it out in court or pull out of the deal. FTC doesn't have authority to just unilaterally block the acquisition. Also sounds like they are also considering not suing to block. Not sure what we learn at all from the article that we didn't already know.
FTC suing to block MSFT acquisition of ATVI. That arb play not going to work I guess. Intrinsic value of ATVI is $47.37 right now. Would be nice to sell at 90 at that valuation but it may not happen. Europe hasn't even done their own due diligence yet if Im not mistaken.
>No, I don't think ATVI is a good short now that the buyout deal is uncertain. The reason being that if the FTC does sue to block Microsoft's purchase of Activision Blizzard, it's likely because they believe that the deal would be anticompetitive and hurt consumers. However, I believe that Microsoft would ultimately prevail in court and be allowed to go through with the acquisition. Therefore, I think there's more upside potential for ATVI than downside risk at this point.
Your Weekly /r/stocks Recap **Friday, November 18 - Thursday, November 24** ###Top 10 Posts | score | comments | title & link | |--|--|--| | 2,536 | [430 comments](/r/stocks/comments/z0nj1j/bob_iger_has_returned_as_ceo_of_dis/) | `[Company News]` Bob Iger has returned as CEO of $DIS| | 2,251 | [205 comments](/r/stocks/comments/z26c8b/hp_laying_off_40006000_employees_globally_over/) | `[Company News]` HP laying off 4,000-6,000 employees globally over the next three years| | 2,047 | [275 comments](/r/stocks/comments/yysbp5/carvana_lays_off_1500_employees_8_of_total/) | `[Company News]` Carvana lays off 1,500 employees (8% of total) following stock freefall| | 1,247 | [248 comments](https://www.reddit.com/r/stocks/comments/z33y81/ftc_likely_to_file_lawsuit_to_block_microsofts_69/) | `[Company News]` FTC likely to file lawsuit to block Microsoft's $69 bln bid for Activision| | 1,092 | [217 comments](https://www.reddit.com/r/stocks/comments/z2xhh7/fed_officials_see_smaller_rate_hikes_coming_soon/) | Fed officials see smaller rate hikes coming ‘soon,’ minutes show| | 961 | [395 comments](https://www.reddit.com/r/stocks/comments/z1b1dz/taking_my_ls_and_moving_on/) | `[AMA]` Taking my L’s and moving on.| | 876 | [668 comments](/r/stocks/comments/z0btxj/those_who_faced_2008s_recession_what_preparation/) | Those who faced 2008’s recession. 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Iger hand-picked Chapek, Chapek made several unforced errors to which Disne...](/r/stocks/comments/z0vmmp/rstocks_daily_discussion_monday_nov_21_2022/ix95ame/?context=5) | | 18 | /u/Rach1943 said [funny how we now have an entire generatio of retail investors that started in 2021 that only know red. funny if think about it - just numb. "yup, going to DCA in this money, and I'll be red again, it...](/r/stocks/comments/z0vmmp/rstocks_daily_discussion_monday_nov_21_2022/ix8s7bd/?context=5) | | 18 | /u/MaxSmart1981 said [man the bears in here want a dump so bad you'd think they were constipated](/r/stocks/comments/z2lonw/rstocks_daily_discussion_wednesday_nov_23_2022/ixidgi6/?context=5) | | 17 | /u/Dedicated4life said [All you yanks if you feel like losing money today, the Toronto Stock Exchange is still open for business. Just an FYI, we don't have pre or after market cuz it gets too cold when it's dark but join us...](/r/stocks/comments/z3gl0u/rstocks_daily_discussion_options_trading_thursday/ixlz7cf/?context=5) | | 17 | /u/dansdansy said [If you're still positioned for inflation instead of recession, you're gonna have a bad time. Oil is showing where the market is headed.](/r/stocks/comments/yygve2/rstocks_daily_discussion_fundamentals_friday_nov/iwusnlp/?context=5) | If you would like this roundup sent to your reddit inbox every week send me a message with the subject ['stocks'](https://www.reddit.com/message/compose?to=subredditsummarybot&subject=stocks&message=x). Or if you want a daily roundup, use the subject ['stocks daily'](https://www.reddit.com/message/compose?to=subredditsummarybot&subject=stocks%20daily&message=x). 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>ACTIVISION BLIZZARD SHARES DOWN 4% PREMARKET AFTER REPORT SAYS FTC LIKELY TO FILE LAWSUIT TO BLOCK MICROSOFT BID FOR CO $MSFT $ATVI ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-11-25 ^05:28:36 ^EST-0500
There's a 95% chance it'll go through, I'd watch Hoeg Law on Youtube (actual Corporate M&A lawyer) he's been covering this from the start Basically regulators will let the deal pass but they're going to want concessions and the FTC is prepping a law suit to get those conditions The FTC would lose badly in court but neither they nor MS want to go to court, MS has already agreed to let COD stay on Playstation for 10 years and even bring it to Switch
And making accusations like this is why more people should be skeptical of CZ. Dude made a baseless accusation on this one which could have massively impact people’s money. I’m all for criticism and transparency but what CZ was doing was not that. It seemed as if was riding the wave of panic caused by FTC (that he helped set off) and trying to knock down as many competitors as possible in the fallout. Absolute trash behavior imo.
I think the real question is, if the FTC (which can't actually block the deal outright) decides to sue Microsoft to try and prevent the deal, does Microsoft fight the FTC and take this to court? Personally, as someone who isn't an expert at all, but has done some research into this, I think Microsoft would be successful if they decided to fight, at least in the United States. With that said, Microsoft might decide to pull out of the deal if they determine it's just not worth the cost and time to see it through. Especially if the EU and UK, or any other territories, decide to try and prevent the merger as well. Microsoft will have to pay a large termination fee to Activision if they decide to pull out of the deal, so my guess is that Microsoft is ready to fight this in court if needed.
Those are two opposing truths that don’t make any logical sense to both be true at the same time. If the FTC is intimidated by Elon’s “free speech” Twitter, then why didn’t they interfere and block Elon from buying Twitter? The FTC wanted to let Elon burned by allowing him to buy Twitter suggests, the FTC is not remotely intimidated by Elon owning Twitter. So if you’re going to believe in a conspiracy some other redditor made up, at the very least think it through. Because this conspiracy is not even consistent with its logic. To believe both of these things are true at the same time, makes you like a moron. At least pick one.
It dropped 3-4% after hours due to the risk of FTC intervention being realized and is another step against the acquisition happening. The market prices in the probability of the risk happening, and drops when it actually happens, which what happened here. Yes, it's a minimal drop and it was also at a lower price a few days ago. But that's because the stock is influenced by the overall market as well and we have seen tech stocks rally the past few days (including Activision. The drop basically undid the whole rally, and that's significant when comparatively everything else in the sector is up.
People are running with a headline. A lawsuit is guaranteed and the FTC’s commissioners haven’t even voted or met about the complaint. Central to the issue is Sony alleging to the FTC that Call of Duty could become an XBOX exclusive title, to which the New York Times reports Microsoft has already guaranteed Sony access for ten years. If the primary issue has been mitigated, the complaint loses steam. I think it is important to point out that this Dept of Justice has not successfully argued in court against several recent mergers. Since Biden took over, a record number of antitrust suits to block deals have been issued to “protect consumers” and several have ended up with federal judges siding with the companies instead of the government. UNH was able to acquire Change Healthcare. US Sugar Corp was able to purchase Louis Dreyfus, a direct competitor. Booz Allen Hamilton acquired EverWatch and that had national security contract implications. This is more about politics than it is about antitrust law. The liberal wing is trying to flex muscle for the every man, but the economic climate will flush out many companies during bad times and there are fiduciary responsibilities to shareholders, accordingly.
I believe the individual you initially responded to was simply pointing out that the stock price has decreased since the FTC news broke. You asked a very specific question: "why compare it to $95?" The answer is "to illustrate the difference between the market value and the price Microsoft is going to enter into". I do see the point you are making, though. I believe ATVI is actually up in value since the acquisition news broke in January.
Not massive protests but just public knowledge and commentary. I only say it because there's been no official announcement and the source seems a little...strange. You should look up the background of the FTC new chair (relatively), her philosophy and her focus. It's not conducive to large mergers like this. In the end nobody knows really. Probably not even MSFT. It's legal risk and you are rewarded for taking that risk (or not).
I said I do not lend enough credibility to it to act on it, nothing more. How it will affect the deal is an unknown. To this point I only noted that the FTC track record is mixed, and that it has failed on even more meritorious suit, so I personally don't think they will succeed. I don't have a position, if I was forced at gunpoint to do something, I'd wait for more clarity. If there is indeed an FTC injunction, I would say a drop is likely and, again if at gunpoint, I would enter at this drop But you do you of course
But even if politicians want the FTC to block it, it would be settled in court. MSFT has a compelling argument. It’s not like judges arbitrarily side with the government because politicians want them to. Federal Judges have no incentive to do the FTC’s bidding and they follow legal precedent. Legal precedents do not point to this deal creating a monopoly. At least in the U.S I don’t think politicians have the final say.
It's completely crazy how this wakes up the Antitrust bureaucrats. Have they even seen what Apple is doing for example? Talk about a worrying and oppressive market share in like 8+ wide industry fields... So crazy that Sony is able to rally the regulators on this case, to keep a competitor down. This just reeks of making up some case so the FTC doesn't look completely useless. I don't think the regulators have a reasonable case, especially when Microsoft has offered to address the issues raised. Bigger worry to me is though that MS might themselves throw in the towel if the regulators keep making the deal worse. MS loses the $2 billion in any failure scenario regardless, but could be worth avoiding the headache soon if they have to agree to everything Sony wants.
It's just a rumour for now, without credible sources so far. The Politico rumour also comes conveniently on a quiet short trading week. This sort of "shakedown" articles is commonplace. IMO the monopoly angle is overblown. The prospectus has specific language stating that big franchises such as CoD or WoW will NOT be made MS-platform exclusive, which would be the greater danger. Even then, there are plenty of exclusive content on all platforms, it's not like there is a shortage of first person shooters either. Looking at FTC merger block track record, this merger seems ... small, to put a word to it. They even failed to block the American Airlines/US Airways merger which was arguably way more market concentration.
Saw this one coming from a mile away which is why I stayed away from it. The lady who is president of the FTC hates business acquisition’s. One of the companies I own Lockheed Martin (LMT) had a deal to acquire Aerojet but she blocked it and threatened a lawsuit if Lockheed went with it anyway. I also heard she was really stopping Meta from acquiring other early stage VR companies. With this track record I would have been shocked if a huge tech giant like Microsoft would be allowed to acquire Activision (one of the biggest game makers in the world). As much as I respect Buffet I am so glad I trusted my gut on this one. Hope all those who held Activision sold when the news first broke and their stock shot up close to $90.00 a share.
This is kind of surprising. On its merits I don't think there is any sound reason. It seems like sometimes the FTC doesn't really have a good sense of how things like games work so they create friction for reasons that don't always make sense.
When you read or hear him talk about the 2008 financial crisis, you realize he (and Berkshire) are an extension of the government (Treasury/Fed Reserve) and they go to him when the law won’t allow them to do certain things. Buffett is THE ultimate insider. Now, if he’s still holding on to a core position, you can bet your ass the FTC would take that into consideration and it means they’re putting on a show just to appear they care about anti-trust. If we find he dumped his ATVI stock, the deal is not going through. If he holds on, you know it’s all a show and the deal will in fact go through.
1. The FTC looks at recent acquisitions as well and Microsoft has been gobbling up big studios. Definitely monopolizing the industry. 2. COD is just one game and Microsoft made it clear it would be multiplatform only for a specific amount of time. 3. That's irrelevant. 4. That's also irrelevant.
ATVI is getting killed after hours. Politico says the FTC is likely to try to block the merger with MSFT. Source: [https://www.marketwatch.com/story/activision-stock-falls-after-report-of-likely-ftc-antitrust-lawsuit-against-microsoft-acquisition-01669248147?siteid=mw_robin&mod=mw_RHF](https://www.marketwatch.com/story/activision-stock-falls-after-report-of-likely-ftc-antitrust-lawsuit-against-microsoft-acquisition-01669248147?siteid=mw_robin&mod=mw_RHF)
I'm growing weary of the FTC and also EU/UK anti-trust authorities lately. Especially after the ridiculous actions taken against META (Giphy? A metaverse startup?). Starting to feel less like anti-monopoly and more like 'We don't like big tech in particular.' Seems like there are way more monopolistic examples (railroads, health insurance, payment processing, telecom companies, airlines, ...) Are video game and GIF companies really the anti-consumer industries needing to be tackled?
>This is obviously terrible news for Microsoft and Activision Blizzard shareholders. The FTC is likely to block the deal on antitrust grounds, which means that the two companies will remain separate entities. This is bad news for Microsoft because they were hoping to acquire a large publisher like Activision Blizzard in order to increase their presence in the video game industry. It's also bad news for Activision Blizzard shareholders because they would have received a hefty premium if the deal had gone through.
anti trust baby anti trust. apple/google are a duopoly, elon is trying to create a 3rd player. tha makes his attempts being deserving of government support, something he literally built his entire networth about. add in EU being really unhappy with apple/google duopoly, and if apple tries to cut twitter from app store, he will serve their ass on silver plate to EU commission and FTC. google he has backdoors there via his buddy sergey
How does it have low environmental impact? What do you mean by fast? Etherium dependency means that you have to include it into calculating EIQ. Etherium is not secure. Its bound to UST which is under investigation by the FTC for printing money.