Comment on Capital One is set to acquire Discover, merging 2 of the US' largest credit-card companies
Tolstoshev@lemmy.world 4 months ago
What’s in your wallet? A monopoly.
Comment on Capital One is set to acquire Discover, merging 2 of the US' largest credit-card companies
Tolstoshev@lemmy.world 4 months ago
What’s in your wallet? A monopoly.
rdyoung@lemmy.world 4 months ago
Actually this could be a good thing. Cap one is the 4th largest credit card issuer in the USA. If they cut tx fees on discover low enough it would force Visa/MC to cut theirs. They could make a mint and the consumer would benefit as well.
Anticorp@lemmy.world 4 months ago
Because that’s why companies merge and form monopolies, to lower fees and help consumers. Right? Right guys? Right?
rdyoung@lemmy.world 4 months ago
I didn’t say it would happen just that it could. It’s actually a smart play by cap one if they are planning on it.
You know what. Fuck this shit. I come on forums like this to have actual discussions and not just to join a circle jerk bashing whatever is being talked about.
Does anyone know where I can find legit discussion about this stuff and not people who can’t discuss business, economics and finance so instead they just talk shit while stroking themselves off?
Anticorp@lemmy.world 4 months ago
The investing subreddit on Reddit is pretty good for that. Although in the case of your comment, I don’t think it would find much traction, since it seems implausible.
superduperenigma@lemmy.world 4 months ago
How did that work out for the airline industry? Because history sure seems to indicate that these monopolistic mega-mergers result in higher prices for a worse experience.
rdyoung@lemmy.world 4 months ago
First off. This isn’t monopolistic at all. Cap one is 4th largest but there are a ton of issuers, banks, etc.
I would attempt to explain the economics and financial benefits and logistics behind this but I don’t think you could handle it.
You fucktards have a nice life and you definitely taught me not to attempt to have an intelligent conversation round these parts
hglman@lemmy.world 4 months ago
They won’t