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Privacy concerns aside it’s problematic that a grocery store chain has enough money to buy a TV manufacturer. So many of the brands in our lives have become too
by NegativeLatency 3y ago
Privacy concerns aside it’s problematic that a grocery store chain has enough money to buy a TV manufacturer. So many of the brands in our lives have become too big and powerful in my opinion.
- jldl805 3y agoCalling Walmart a "grocery store chain" is like saying GE is a "light bulb company".
- brudgers 3y agoOr Amazon is a bookseller.
- arrosenberg 3y agoSort of the point, innit?
- maximus-decimus 3y agoI don't get your point. Are you saying Walmart shouldn't sell food? Shouldn't be able to sell diverse things? Shouldn't be able to make money by selling things?
- izacus 3y agoNeither of that, you're being deliberately obtuse. Think more on what OP said and don't bring the conversarion down with false accusations.
- mschuster91 3y ago> Shouldn't be able to make money by selling things? There's a point to be made that vertical integration is bad for the system as a whole... and there is historic examples where such schemes got broken up, e.g. by the Paramount case [1]. [1] https://en.wikipedia.org/wiki/United_States_v._Paramount_Pictures,_Inc https://en.wikipedia.org/wiki/United_States_v._Paramount_Pic....
- arrosenberg 3y ago> Are you saying Walmart shouldn't sell food? I'm fine with it > Shouldn't be able to sell diverse things? Less fine with it. > Shouldn't be able to make money by selling things? That's some bad faith nonsense. Superstores are bad. They hurt small businesses and provide awful service and an awful shopping environment. The prices aren't even low, they just made the quality of the goods fit the price. If Walmart wants to be a grocer, let them focus on that so that a better store for electronics, furniture, firearms (etc.) can take their place.
- NegativeLatency 3y agoStores like Walmart also commonly build outside of town relying on unsustainable highway development practices for customers to travel there. (Compared to your old school neighborhood or corner grocery store)
- NegativeLatency 3y agoThey're consistently one of the largest grocery sellers in the US, so I think it's fair.
- gwbrooks 3y agoThey're paying less than one year's revenue from their ad business alone.
- lupire 3y agoCompanies don't really "buy" companies. That's just a mental model for a merger. At its heart, it's a symmetric operation. The wealth of both companies gets divided among the owners of both companies, in proportion to an agreed valuation. You could say that Vizio is buying Wal-Mart. Either way, the combined management forms an agreement on who will be on the board and management roles after the merger, and what branding to use going forward.
- bozhark 3y agowhy would you say such a thing? M&A is not everything you’re saying and companies absolutely get bought.
- elevatedastalt 3y ago"When I go to a store and buy an apple, I am not buying an apple, I am just entering into a symmetric operation, where my money goes to the store and the store's apple comes to me, based on an agreed valuation".
- deleted 3y ago[deleted]