2 ms·
>Amy Klobuchar (D-MN) has introduced a bill that would place an outright ban on acquisitions by any company with a market cap higher than $100 billion. This is
by tynpeddler 8y ago
>Amy Klobuchar (D-MN) has introduced a bill that would place an outright ban on acquisitions by any company with a market cap higher than $100 billion.
This is devious and simple. While I'm sure there are some crazy hoops companies will go through to dodge the prohibition, I think this is a great idea. I would prefer to see the market cap dropped to a lower value, and have the number expressed as a multiplier of the median household income.
That being said, I think a lot of these cases still need work. The uber one in particular stands out to me. Uber isn't part of a conspiracy to fix prices with their drivers. They simply hire the drivers for a short term contract to transports uber's customers. It's also difficult to imagine why uber is a monopoly, they still face plenty of local competition and in many cases have been driven out of markets by legislation specifically created to ensure that uber doesn't disrupt local monopolies.