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by ceejayoz 716 days ago
The Federal Trade Commission Act of 1914 states:

> The Commission is hereby empowered and directed to prevent persons, partnerships, or corporations, except banks, savings and loan institutions described in section 57a(f)(3) of this title, Federal credit unions described in section 57a(f)(4) of this title, common carriers subject to the Acts to regulate commerce, air carriers and foreign air carriers subject to part A of subtitle VII of title 49, and persons, partnerships, or corporations insofar as they are subject to the Packers and Stockyards Act, 1921, as amended [7 U.S.C. 181 et seq.], except as provided in section 406(b) of said Act [7 U.S.C. 227(b)], from using unfair methods of competition in or affecting commerce and unfair or deceptive acts or practices in or affecting commerce.

1 comments

It’s not clear to me that a non compete is an “unfair method of competition”. In particular it hurts employees (well, maybe) who are not the competition of a business.
Companies are in competition for workers.

They didn't pay $415M in compensation for funsies. https://www.cnet.com/tech/tech-industry/apple-google-others-...