Trying to work out what's going on, and what happens next. Mostly tech. Past lives in equity research, strategy and venture capital. Yes, I have a

Benedict EvansVerified account

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2021-10-20 17:30:12

Trying to work out what's going on, and what happens next. Mostly tech. Past lives in equity research, strategy and venture capital. Yes, I have a newsletter.

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A common talking point in tech anti-trust: big tech companies have made hundreds of acquisitions in recent years, and almost none were reviewed, let along stopped. So, last month the FTC released some actual data, for Google, Apple, FB, Amazon and Microsoft. pic.twitter.com/oL7LzeGPRZ

Only half the smallest deals have earn-outs, but for the rest it's 80-90%. They're buying the peoplepic.twitter.com/T1cJNmd3HB