Nicolas Petit @competitionprof.bsky.social · 13/01/2025On the topic of growth through acquisition, it's not so simple. There is significant heterogeneity in how firms expand. 14/N 100
Nicolas Petit @competitionprof.bsky.social · 13/01/2025For example, an industry analyst recently noted that Google has grown largely organically, with M&A playing a minor role. In contrast, firms like Salesforce have been more acquisitive. 15/N 100
Nicolas Petit @competitionprof.bsky.social · 13/01/2025Antitrust law can do very little against organic growth. Therefore, assigning "failure" of antitrust to the rise of monopoly power misrepresents the channels through which firms gain dominance. 16/N 100
