In his smackdown of the Federal Trade Commission’s antitrust case against Meta late last year, Judge James Boasberg famously wrote that “like Heraclitus’s river, the rapids of social media rush along so fast that the Court has never stepped into the same case twice.”
It was one of those sparkling asides that can make a court opinion a pleasure to read. Whatever the state of social media, however, the state of antitrust law is not a river running rapid and clear. It is a lazy river in a third-rate waterpark with candy wrappers floating on fetid water.
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