A top U.S. lawmaker is calling on the Department of Justice to conduct an antitrust probe of Intuit’s planned $7 billion acquisition of Credit Karma. House antitrust subcommittee Chairman David Cicilline said the deal had “all the traditional signs of a dominant incumbent seeking to tame a maverick competitor.” The deal was first announced in February. Intuit is the parent company of TurboTax...
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Musk’s Counterproductive Moves
What a time to be a tech business reporter! Even as Sam Bankman-Fried’s fraud trial gets underway, our scoop yesterday about AI startup Anthropic’s rising valuation suggests that the disgraced FTX founder may have scored at least one home run with his Anthropic investment. Yes, that’s right: The fast-evolving story about AI startups has converged with the SBF drama. The big question is how much...
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