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by whimsicalism 849 days ago
The OAI stake/deal is already under regulatory review and generally EU is perceived as blocking most large tech mergers since the iRobot intervention.

I suspect we are going to soon see political backlash against regulation in the EU as it is becoming very clear that this is causal to their bad capital markets.

2 comments

> I suspect we are going to soon see political backlash against regulation in the EU as it is becoming very clear that this is causal to their bad capital markets.

Who would have thought that human rights are bad for business..

What human right do I have to Amazon not owning a vacuum company?
Nothing. But you probably don't see one located in Europe, because they would need to allow strikes, there is good level of minimum wage protection in general and strong privacy laws. It is harder to stalk the toilet breaks for employees.
Median wages in the US are considerably higher than in Europe. Amazon wanted to buy iRobot but was blocked by regulators.

https://www.ft.com/content/db7c6cfc-8ab2-4ee8-a41d-ba20b28d4...

OAI merger?
sorry mis-spoke - OAI stake.