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DoorDash to buy Instacart for $17 billion in big consolidation for grocery delivery (abcnews.com)
submitted 3 days ago by to c/technology@lemmy.world
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[–] 10 points 3 days ago (4 children)

Or they are going to do the typical private equity thing and transfer the debt to instacart as soon as they are acquired and then use the debt as an excuse for instacart to go bankrupt in a few years (or months) and walk away one competitor less in the market.

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  • [–] 1 point 3 days ago (3 children)

    And they won't make any money on that?

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  • [–] 2 points 3 days ago

    Oh no they will, once you've enshittified the business you operate, you have to enshittify the entire business sector, during all of that you have to enshittify our government agencies in order to trade your corporate dumps on the populace for cash.

    "Capitalism! It's working for someone!"

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