T-Mobile to acquire most of U.S. Cellular in $4.4 billion deal; U.S. Cellular shares surge
www.cnbc.com
U.S. Cellular shares soared Tuesday after T-Mobile announced it will acquire most of the company in a deal worth $4.4 billion. It plans to use the wireless company to improve coverage in rural areas.
    • Track_Shovel@slrpnk.netEnglish
      12·
      4 months ago

      I’ve said it before, and I will say it again: the endgame of a capitalist system are monopolies or cartels.

      Usually it takes the following steps:

      1. Bunch of little start-up - everyone wants a piece of the pie

      2. Some start-ups can’t hack it and either go under or are absorbed by other start-ups

      3. Surviving start-ups grow to mid-size of major sized ventures depending on how many competitors or competitor market shares they absorbed

      4. Repeat step 2 with remainder of companies until a few are left

      Presto changeo you got yourself a cartel or monopoly. Consumer power is nil.

      Example sectors to look at for this: food production industry, mining, computing/silicone Valley