@[email protected] to [email protected]English • 7 months agoCapital One to buy Discover for $35 billion in deal that combines major US credit card companies - ABC Newsabcnews.go.comexternal-linkmessage-square18fedilinkarrow-up1176arrow-down11
arrow-up1175arrow-down1external-linkCapital One to buy Discover for $35 billion in deal that combines major US credit card companies - ABC Newsabcnews.go.com@[email protected] to [email protected]English • 7 months agomessage-square18fedilink
minus-square@[email protected]linkfedilink2•7 months agoThey take processing fees. You don’t need to imagine their size, you can Google them. They have a market cap of $400B+. You should note that it’s the retailers paying the transaction fees and not the customers.
minus-square@[email protected]linkfedilink1•7 months agoWell my point was that it would be a large merger
minus-square@[email protected]linkfedilink1•7 months agoBut not a monopoly as they’re different services, albeit in the same industry.
They take processing fees.
You don’t need to imagine their size, you can Google them. They have a market cap of $400B+.
You should note that it’s the retailers paying the transaction fees and not the customers.
Well my point was that it would be a large merger
But not a monopoly as they’re different services, albeit in the same industry.