2Mon
I also find the lawsuit questionable as to whether it will go through, but it is explicitly about the American market if I have understood it correctly and Visa clearly dominates that market. In addition, there often seems to be no other choice than Visa for some companies or high fees, at least from what I've read.
•
11
•
@User03 the companies always have another choice, it's just that when it comes to cash the bank and IRS cause problems. Ultimately, the legislator is responsible for Visa having this position. Visa itself knows about the risk of lawsuits, which is why they are very careful with their fees. Visa is also given much less leeway than Mastercard when it comes to acquisitions. For me, this is simply a witch hunt. Visa doesn't exploit its market position in any way like other companies do (Apple, Pharma, Fico, Google etc), this lawsuit creates a dangerous benchmark for what the DOJ considers a "monopoly".
•
11
•2Mon
@TaxesAreTheft Yes, as I said, I also find the lawsuit questionable and, despite all the conspiracy theories etc., don't forget that the elections are coming up soon and the government has to do something "for the citizens".
•
11
•@User03 that anyway, I also think that those in the DOJ are afraid for their jobs. Like the SEC, they have not done a good job in recent years.
••