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On November 19th (Beijing Time), The New York Times reported that in recent years, CEOs of leading Silicon Valley tech firms have adhered to an unspoken industry norm: steering clear of multi-billion-dollar acquisitions of direct competitors. This cautious approach stems from concerns that such deals could trigger heightened regulatory oversight. However, this Tuesday, a U.S. federal judge delivered a landmark ruling, declaring that Meta's decade-old acquisitions of Instagram and WhatsApp did not constitute illegal anti-competitive behavior. This decision could potentially embolden tech giants like Meta to resume acquiring promising startups, thereby solidifying their market dominance. Currently, the tech sector is witnessing intense competition, particularly in the burgeoning AI landscape.
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