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The Times

Our corporate cops allowed Facebook to grow big by worrying about the wrong thing

  • Written by Stephen King, Adjunct professor, Monash University
Our corporate cops allowed Facebook to grow big by worrying about the wrong thingAlexandraPopova/Shutterstock

Australia and the United States have been waving through takeovers because the targets are small, something that’s usually good practice.

Under Australian law takeovers are normally permitted unless they would

have the effect, or be likely to have the effect, of substantially lessening competition

Under US law they...

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