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by arb-spreads
837 days ago
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This is a short sighted and ignorant piece. The combined business will be 2% of the size of Amazon, 10% of the size of Walmart, and nearly 10% of the size of Costco. They will control ~10% of grocery sales, half that of Walmart. Roughly a quarter of the stores in areas with high overlap are being divested. If the FTC cared about competition they would go after someone like Amazon/Facebook with nearly 40% market share, Google/Nvidia with over 90%, or even Apple with nearly 90% of market share among teenagers. Lina Khan's incompetence has been a big boon for lawyers and merger arb strategies, without actually improving the competitive landscape or the world. |
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