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That was because they didn't want to be broken up as a monopoly. VISA has no such worries.
by gsibble 14y ago
That was because they didn't want to be broken up as a monopoly. VISA has no such worries.
- pgeorgi 14y agoThe investment might have the purpose of getting an inside view into Square, and being able to adapt more easily should it take off. With that reason, it makes sense for Visa to hedge their bets and invest in all parties of that market. With that they're in, no matter who wins.
- philwelch 14y agoAlso gives them a discount if they want to acquire, or a payoff if a competitor wants to acquire.
- dasil003 14y ago> VISA has no such worries. Would that they did. sigh
- chimeracoder 14y agoHow is Visa a monopoly?
- zissou 14y agoBut it's not illegal to have a monopoly. It's illegal to monopolize.