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Bookmark or Share- Visa stock plunges 5% as DOJ files antitrust lawsuit | FortuneKent Nishimura—Getty Images. Visa shares plunged over 5% as the U.S. Justice Department filed an antitrust lawsuit against the company Tuesday, alleging it has illegally monopolized the debit ...
- Why Visa’s antitrust battle could be so worrying to Wall StreetFI. -1.70%. Visa Inc.’s stock is among the worst performers in the S&P 500 on Tuesday and flirting with its steepest percentage drop in nearly three years. Investors are worried after a ...
- Justice Department sues Visa, alleging it has a monopoly - Los Angeles ...Visa is the largest of the payment networks in the U.S. and collects some $7 billion in yearly fees on both debit transactions and so-called “card not present” transactions where customers use ...
- DOJ Hits Visa With Antitrust Lawsuit Over Debit-Card Business ...US Justice Department hits Visa with antitrust lawsuit over its debit card business. Prosecutors say Visa handles more than 60% of US debit transactions, earning the company more than $7 billion ...
- DOJ sues Visa, saying the card issuer monopolizes debit card markets ...In 2020, the DOJ sued to block the company’s $5.3 billion purchase of financial technology startup Plaid, calling it a monopolistic takeover of a potential competitor to Visa’s ubiquitous payments network.That acquisition was eventually later called off. Visa previously disclosed the Justice Department was investigating the company in 2021, saying in a regulatory filing it was cooperating ...
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