Getty Images/Ringer illustration

The prospect of corporate breakups isn't Silicon Valley's biggest worry, Axios' Scott Rosenberg and Ina Fried report:
• Instead, insiders fear missing the next cycle of industry change if they're distracted and hobbled by antitrust conflicts.
Why it matters: If executives are busy answering lawmaker inquiries and defending regulator lawsuits, they're less likely to be protecting their businesses from upstart challengers.
• And if they're under constant regulatory scrutiny, they'll be less able to either elbow aside or snatch up the competition.
The bottom line: No tech giant has ever been split up by courts, regulators or legislators.
• Be smart: For antitrust advocates, the corporate breakup endgame may not matter if they can still achieve a key goal: ensuring that dominant incumbents can't squash or swallow the next wave of tech innovation.