Remember, big tech did clean M&As for years. So what changed? It was the Biden-era regulatory assault. The most recognizable face was Lina Khan at FTC. Though to be fair, it's now an international affair. And it's also been continued by the current admin. Because Trump 2 is pro-crypto, but anti-Big Tech. And you know what? I get it. Big Tech did back wokes and censor citizens. But big M&As aren't really big wins for bigcos. They're more like surrenders. They signify that big tech couldn't build, so had to buy. And each such deal funds 1000+ startup piranhas. So: if you want disruption, re-legalize acquisition. Let big companies surrender to startups, by paying up. And let free markets prevail. Consensual acquisitions > bad regulations.