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It’s very clear… it’s a huge monopoly.
101,008 views • 1 year ago •via X (Twitter)
10 Comments

It needs to be broken up! As do all monopolies!

So break them up or shut the fuck up.

The profit margin for Visa and Mastercard is 50%! Small businesses continue to use them because, says Hawley, they are effectively monopolies. They control 80% of the market. Thus they are able to "give the shaft to small businesses." The DOJ lawsuit says they threaten small businesses with "staggering financial penalties" if they use competitors. And they pay Apple, Square, and others not to compete in their market. "This is just classic collusive monopoly behavior," says Hawley.

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Code, cracked

Yes. They need more competitors.

Yep, and even large companies like Walmart operate at like 1-2% margins Credit cards are criminal, and now everything is one it and it's practically unavoidable

Monopolies are so lit, we should have more of them 🔥

🔥 Monopolies are the future, let's make them bigger! 🚀
