Faculty News

Professor Thomas Philippon's research on corporate investment is cited on a story on acquisitions of small tech companies

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Excerpt from the The New York Times-- "The ability of large, cash-rich companies to buy smaller businesses before they have the chance to emerge as formidable competitors has altered the corporate landscape, said Thomas Philippon, a professor of economics at New York University, who has studied the increased dominance of large companies in many American industries. 'What would have happened to Instagram if Facebook hadn’t had bought them?' Mr. Philippon said. 'They would have competed with Facebook for sure.'"

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