Yes they merge so they can combine resources- sell off not so profitable assets - have the existing workers do twice as much for same low wages - outsource those jobs overseas- fire workers for “cause” - #rinseRepeat
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Not even for “cause”. I used to work for AT&T and they closed my entire department and laid all of us off, including one of my co-workers who had been there for 26 years.
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Well I worked 12 years for TW Cable / Spectrum and they fired me for Cause, so I would get no severance or unemployment. - They created the cause, they sent 75% of my work to subsidiary in India - but said I had to do same work or get “Notices” - then I was let go - for cause!
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Hogwash. Neither a "new economy" phenomenon, nor a "reinvention" in any semblance that embraces innovation. Capital continues to flow away from CapX and human investment -- and into stock buybacks and mega mergers. Financial engineering and market power. Not sustainable


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The so-called “new economy” is a nightmare Ayn Rand world of money shuffling and the gambling bourse known as the stock market. Most of these companies produce nothing of value and are only illustrating how deeply broken our economy is.
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Gee. AT&T use to reinvent themself by inventing thing like the transistor and the laser.
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Because their greed has no bounds.
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While
#MAGA .@realDonaldTrump diddles, US government posted a $146.8 billion budget deficit last month—largest since 2009. Revenue declined.The budget gap rose 66% from a year earlier, according to US Treasury. .@Senate GOP .@GOP are expected to push the deficit to $804 billion.Thanks. Twitter will use this to make your timeline better. UndoUndo
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So that's what they're doing with their tax cuts? Buying up other companies and making them as shitty as their own ?
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I call BS. Mergers are loved by Wall St. because the dealmakers, execs and major shareholders benefit. Innovation requires investment & long-term vision--both anathema to analysts who only care about quarterly profits. Mergers are a scam. No company is better after a merger.
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We don’t need mega companies who have no competition. Mega companies drive up prices and drive wages down.
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I wish them luck, . . but AT&T treated customers like dogs before their monopily was broken up. I was one of their victims, and . . haven't done any business with them since . . .pic.twitter.com/cGmv6HXMUG
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Monopolies are not good for democracy.
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Its called what you do when you can no longer invest in yourselves and innovate. That and share buybacks.
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They need to reinvent themselves by offering better products at better prices for the consumer... Not through deals!
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Is there any evidence/history that using your oligo/monopoly money to buy your way into new business is more (at all) successful than building your new paradigm from scratch? Don't think so. See GE going leaving DOW....
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KEEPING PENSION MONEYS, CLOSING PLANTS, SENDING JOBS OUT Of
MILLIONS WHILE THEIR EMPLOYEES TAKE THE ECONOMIC DEATH BLOW