4 ms·
Absolutely this. The purchase of Credit Karma is textbook "buying out a competitor", especially since Credit Karma's tax solution was offered for "free" to cus
by paulpan 6y ago
Absolutely this.
The purchase of Credit Karma is textbook "buying out a competitor", especially since Credit Karma's tax solution was offered for "free" to customers.
Why did the government not intervene? There's hardly better evidence of political capture by the corporate America as that one.
- airstrike 6y agoGenerally, the DOJ won't block "buying out a competitor" unless you're approaching monopoly levels of consolidation. It's fine by the DOJ to have the number of players reduced from even 4 to just 3 and they are only really forced to act when it comes down to an attempt to reduce from 3 to 2