That's part of my point. The FTC, CMA, and other regulatory bodies are not doing what they're supposed to, which is to protect consumers. However, it should be noted that profit is only a sign of positive success when reinforced by a healthy, competitive market. Markets that are cornered and manipulated by major corporations in an effort to suppress and weaken competition can still drive record profits, but disproportionately into the coffers of only the largest players. This hurts consumers, as it gives us less choice. Regulatory bodies need to exist to monitor the interactions between companies and ensure that agreements to protect competition and drive innovation are upheld, but they should not arbitrarily force change or avoid change in the industry as is being done here.
It should be the job of governments to question, analyze the answers, and then put protections in place to ensure those answers and commitments remain truthful and to the benefit of the people, not just to the largest companies. These companies constantly attempt to curtail the authority of regulatory bodies through extensive lobbying, in an effort to reduce regulations and increase their freedom to operate how they desire, even if it means crushing healthy competition. Rampant, uncontrolled capitalism benefits no one but the top 1%.
Microsoft has made public, legally binding commitments to actively address the concerns of these regulatory bodies, but the decision to block the deal was still made by the CMA. I don't agree with that decision because of how it was reached, but I'm not going to agree that the CMA or similar regulatory bodies just shouldn't exist or completely stay out of the affairs of companies that frankly do not care about everyday people. Profits are not a bad thing, of course, but profits should only ever be a measure of a company's success in winning over consumers, not a result of a company dominating marketshare and mindshare in a specific industry.