akira2501
a day ago
I'm going to miss Lina Khan. It is unfortunate that a government contractor with a dumb grudge is going to be allowed to decide her fate. As far as I can tell she's been doing great work over there.
1vuio0pswjnm7
2 hours ago
alexpetralia
a day ago
Actually Matt Gaetz, who will likely be her boss, calls himself a "Khanservative" in support of her
bearjaws
21 hours ago
But what does Donald want?
It doesn't matter at all what Matt Gaetz wants.
alephnerd
19 hours ago
Most of the Trump-sphere's donations and organization came from Andressen (the A in A16Z), David Sacks (especially during his fundraiser last year that was a who's who of YC and VCs), and Thiel.
They are all in support of Lina Khan's position on anti-trust, as it aligns closely with the vision of LTSE (YC S17) plus their grudge/annoyance at the fact that late stage acquisitions don't benefit early stage investors as much as an IPO or SPAC, plus their annoyance at how early stage investors can't take advantage of the IPO "Pop".
This has been a major fissure in the tech industry for almost a decade at this point.
To be fair, Horowitz (the Z in A16Z) donated to Harris's campaign to lobby for the same thing as well.
jordanb
19 hours ago
Elon wants her gone:
alephnerd
19 hours ago
Musk is just one donor among dozens.
One of the biggest donor yes, but not enough to move the needle.
Also, the presidency is not enough to move the needle - you need down ballot support from both houses of Congress as well, which is a relationship Musk did not build unlike other donors.
collingreen
18 hours ago
One donor, thanked at length by name in the president's acceptance speech, and immediately appointed over a brand new office about "efficiency" after yelling incessantly about deleting entire government departments.
Elon has a huge amount of influence over khan's future and the ftc's ability to continue in its recent push to actually protect the American consumers.
alephnerd
18 hours ago
> brand new office
DOGE is a presidential task force. They are impotent like any other task force.
If you want something to worry about with the new administration, worry about the shitshow that Senate confirmation will be for much of 2025 as Senate Leadership and the Executive will clash
> the ftc's ability
The Khan style vision of antitrust (which I strongly oppose as well btw) will continue under Trump as it did under Biden.
It has bipartisan support because of bipartisan donor relations.
Oren Cass, Lina Khan, Matt Stoller, and Rohit Chopra are all cut from the same cloth.
sumedh
16 hours ago
> worry about the shitshow that Senate confirmation will be for much of 2025 as Senate Leadership and the Executive will clash
Can they just get people on the Acting title and not worry about senate confirmation?
alephnerd
9 hours ago
> Can they just get people on the Acting title and not worry about senate confirmation?
No.
The people who get "Acting" titles only have a lifespan of a couple months AND they need to be existing members of the bureaucracy who are 1 level below the senate appointed role.
The US is not a parliamentary system like India, UK, Canada, or Australia where the executive has power over cabinet nomination.
The US's system was explicitly built so that the president is hemmed in this manner.
StackRanker3000
9 hours ago
”To move the needle” usually means to have a measurable/noticeable effect. It feels a bit weird to say that the presidency of the United States doesn’t have any effect on who the chair of the FTC is
alephnerd
9 hours ago
> It feels a bit weird to say that the presidency of the United States doesn’t have any effect on who the chair of the FTC is
Because it requires Senate confirmation.
The US has one of the weakest presidencies globally for that reason.
Other than foreign policy, presidents are largely hemmed by that fact.
sumedh
16 hours ago
> which is a relationship Musk did not build unlike other donors.
How do you know that?
est31
18 hours ago
> late stage acquisitions don't benefit early stage investors as much as an IPO or SPAC
I've heard this repeated multiple times, but I wonder how the FTC's policies can influence this?
> how early stage investors can't take advantage of the IPO "Pop".
Could you explain this? By IPO pop do you mean the difference between what the bank underwrites and what the initial . By early vs late stage investors do you mean seed vs series G, or pre-IPO vs post-IPO? I've thought that seed vs series G investors get the same class of stock? Or is there some restriction encoded into the paperwork associated with the investment?
alephnerd
18 hours ago
> how the FTC's policies can influence this
By de-incentivizing M&A, and checking larger competitors to VC darlings by hanging the Damcoles sword of antitrust.
A decade ago Marc Andressen was lobbying Obama to work on this [0][1]
In Andressen's and much of his peer's eyes, most mid-late stage startups should be IPOing sooner than they actually are. And to a certain extent he isn't wrong.
Personally, I don't buy Andressen's argument - there is a reason we added added checks and balances in the IPO process.
> Could you explain this
To go public (just like any other fundraising stage), early stage ownership stakes tend to be diluted in order to attract later investors.
IPOs are a fundraising technique like any other, but the benefits tends to bias towards funds that target late stage or roadshow investors at the expense of early investors.
In the eyes of Andressen and his peers the IPO process needs to be simplified in order to make it easier for mid-stage startups to go public AND the incentive structures need to be changed so early stage investors (read VCs like A16Z) get outsized benefit.
For most funds, this really doesn't matter, but for the mega funds like A16Z, YC, Founders Fund, etc this is a make-or-break policy as most of their portfolio are mid-late stage startups that have been pushing off IPOs because they are too small for the current market, and taking acquisitions at what a number of early stage investors view as a suboptimal price - doesn't matter to the founder because they have cash, but it does to large early stage investors.
A direct listing or SPAC would be the ideal "IPO" method envisioned, but that has been cracked down on as well (and rightfully so tbh)
[0] - https://www.cnbc.com/2013/07/11/andreessen-talks-tech-boom-b...
[1] - https://www.vox.com/2014/6/26/5837638/the-ipo-is-dying-marc-...
est31
17 hours ago
Thank you! This is very informative.
Epa095
13 hours ago
It's 'interesting' that the best way to to deduce a candidates policy in a topic is to map out what the billionaires paying them wants.
tgma
17 hours ago
Do you have any references for Thiel supporting Lina Khan's position on antitrust? Thiel does not appear to love Google and sees them as somewhat of a formidable opposing force, and that sometimes shows, so I can see he would enjoy his popcorn when Google is attacked by FTC, but it does not appear he would be aligned with Khan in principle.
refurb
14 hours ago
Donald has mentioned many time the tech monopolies and the power they possess
jordanb
20 hours ago
Maybe we should also cling to hope because JD said some nice things about her too but let's be real: the billionaires want her gone. Elon has already tweeted that she will be fired. There's no way she will be able to stay on.
tgma
17 hours ago
She will be gone for symbolism if nothing else. Some of the policies attacking big tech (read: Google) may remain, but hardline acquisition ban will get relaxed for sure.
deprecative
21 hours ago
[flagged]
typeofhuman
21 hours ago
[flagged]
mathgradthrow
21 hours ago
Matt Gaetz definitely had sex with a 17 year old girl, and his friend who did the same got 11 years in prison for it.
typeofhuman
20 hours ago
So why didn't Gaetz get charged?
akira2501
20 hours ago
[flagged]
typeofhuman
20 hours ago
It was more than a "lack of action" by the DOJ, they full on cleared him of any wrongdoing.
mtnGoat
20 hours ago
You really should check your facts on that first statement my friend. Frankly you are dead wrong and should not be spreading this kind of false info, it’s dangerous to minors. Only 24 states have age of consent below 18, and a number of those have restrictions on age gaps between participants. And of those 24 states that don’t come close to covering “the majority” of the population of the United States.
typeofhuman
19 hours ago
They were two states off from being factually correct with their "majority" comment. Barely an exaggeration and far from warranting your overreaction.
akira2501
18 hours ago
Okay. I relied on this wikipedia entry. [0]
Which states "As of April 2021, of the total fifty U.S. states, approximately thirty have an age of consent of 16 (with this being the most common age of consent in the country), a handful set the age of consent at 17, and in about eleven states the age is 18."
Which clearly seems like a majority to me.
I think you're confusing "Unrestricted" with "Restricted by Authority." You'll note that the "Restricted by Authority" age is often younger than the "Unrestricted" age. Which accounts for our different tallies. [1]
[0]: https://en.wikipedia.org/wiki/Age_of_consent_in_North_Americ...
[1]: https://en.wikipedia.org/wiki/Age_of_consent_in_the_United_S...
typeofhuman
17 hours ago
Bringing receipts. Well done. Hope they learn something.
epa
17 hours ago
Blocking the sale of spirit airlines which resulted in its bankruptcy. Claiming that the sale of the Roomba makers would lead to a monopoly. Where is the ‘great’ you speak of?
akira2501
17 hours ago
Bankruptcy is a part of law for a reason. They can choose to restructure or to sell off. This is healthy turnover.
And how you are disadvantaged by two robot vacuum cleaner manufacturers not merging? Would you feel differently if you worked for one of them?
You've cherry picked two examples. This is mud slinging and not genuine analysis.
robertlagrant
13 hours ago
> They can choose to restructure or to sell off
I'm not familiar, but isn't the parent comment saying the sale was blocked?
rsynnott
10 hours ago
A specific sale was blocked on antitrust grounds. The proposed sale to Frontier would likely not have been, but the shareholders blocked it. A sale to, like, something other than an airline would certainly not be blocked.
PunchTornado
12 hours ago
they can be bought by another company, other investors, for a different price.
cscurmudgeon
16 hours ago
Being completely lax against shady companies from China for unknown reasons:
https://nbcmontana.com/amp/news/nation-world/calls-federal-i...
BadHumans
2 hours ago
How is this being lax? Seems like someone just raised concerns about it this year. The complaints in this amount to "please stop going at our guys and go at the people who are beating our guys."
zamalek
21 hours ago
Let's not forget that Rosenworcel is also likely to be replaced by a sock Paipet. She has also been doing great work at the FCC.
jjtheblunt
21 hours ago
FCC great work including what results?
Spam via SMS and calls hasn’t been conquered at all and it’s 18 years since the “donotcall” registry went live.
zamalek
20 hours ago
I don't get robocalls anymore.
Wistar
16 hours ago
At least two a day on landline, starting right at 8am, and at least five or six a day on my cell.
zamalek
16 hours ago
Have any of you reported the calls [1]? They can't do anything about something they know nothing about, and they have taken extremely aggressive action in the past [2].
[1]: https://www.fcc.gov/consumers/guides/stop-unwanted-robocalls...
[2]: https://docs.fcc.gov/public/attachments/DOC-395670A1.pdf
criddell
10 hours ago
How are you supposed to know if they are robocalls? I stopped answering my phone, but when I used to, it was always a person with a heavy accent trying to sell something.
zamalek
6 hours ago
> person with a heavy accent
Nice...
Either way, a human is not a robot. Ignoring the do not call list would be up to the FTC to police. https://www.donotcall.gov/report.html
A personal trick of mine was to answer those calls, ask them to hold, and leave them waiting indefinitely. I started a leaderboard with my friends back in the day, and the winner was ~40min.
coding123
10 hours ago
It was supposed to be automatic! Shaker and stirred or whatever.
zamalek
6 hours ago
I'm not sure how anyone could expect a telecom protocol to automatically determine if a call is a robocall. Those merely prevent spoofing and allow the FCC to track town offenders.
bagels
19 hours ago
I do, every day.
zeven7
19 hours ago
Then you are unique
BadHumans
a day ago
I will follow the remainder of her career with great interest.
jordanb
a day ago
She was cooked either way. Kamala's financiers were also demanding she fire Lina.
saturn8601
19 hours ago
There was a fighting chance with Kamala though as the progressive wing of the party (AOC, Bernie etc.) were gearing up to raise holy hell to protect Kahn.
grugagag
19 hours ago
Maybe she’s a real obstacle and we should aim to put her back there at some point in the future.
fakedang
15 hours ago
Thank f** she's going soon.
No, I don't mind her going after anti-trust targets. I do mind her agency doing this in the final days of this presidency. This is all for brownie points and nothing else. Nadella will have a nice sit-down with Trump and this investigation will fly to the winds.
BadHumans
2 hours ago
> final days of this presidency
She started the job in the middle of 2021 and in 2022 the FTC blocked Nvidia/ARM merger and sued Facebook, Twitter, and Frontier Communications. This information isn't hard to find.