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US DOJ official says scale not inherently good, bad but ‘reinforcement flywheel’ is worrisome

By Chris May and Khushita Vasant ( October 23, 2024, 22:55 GMT | Insight) -- When large companies possess scale in a market, it isn't "inherently good or bad,” but when they put up barriers to entry for rivals and build up a high market share, that can create a “reinforcement flywheel,” a senior Department of Justice official said.When large companies possess scale in a market, it isn't "inherently good or bad,” but when they put up barriers to entry for rivals and build up a high market share, that can create a “reinforcement flywheel,” and that's concerning, a senior Department of Justice official said today....

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