this post was submitted on 29 Oct 2023
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[–] [email protected] 10 points 1 year ago (2 children)

Never Ever ever has there been a corporate merger that benefited customers and employees. It only benefits stockholders customers have less options employees get laid off and the product robustness suffers.

[–] [email protected] 1 points 1 year ago (1 children)

I think some things can be beneficial to customers. For example, with the T-Mobile and Sprint merger, we got a ton more spectrum, and so speeds are super fast now. And we also got the T-Mobile Connect plans, which is what I use.

[–] [email protected] 1 points 1 year ago

It usually doesn’t benefit the shareholders either. Something like 80% of all M&A activity is considered a general failure.

Projected “synergies” never come to fruition because employees on both sides are handled poorly in the transaction. A firm’s capabilities only exist because of its employees; when they all leave, most of the value goes with them.

[–] [email protected] 3 points 1 year ago (1 children)

Ugh, we're going to be left with like 5 syndicate corporations that own and run the entire world.

[–] [email protected] 1 points 1 year ago

We kind of already do. Ever heard of Google and Amazon?

[–] [email protected] 1 points 1 year ago (2 children)

I need to exit mint. What's the next option? Something that is not republic wireless or Google Fi, sprint, att, etc asshole companies. Is there anything else out there?

[–] [email protected] 2 points 1 year ago (1 children)

Not really, Republic is an MVNO of Verizon. Mint is an MVNO of T-Mobile. Cricket is an MVNO of AT&T. I guess you could go with Dish, but that's laughable.

[–] [email protected] 1 points 1 year ago

I hate not having a choice.

[–] [email protected] 2 points 1 year ago

Visible? It is owned by Verizon.