The Department of Justice moved to obstruct the long-impending Visa-Plaid offer today.
The transaction was revealed in early 2020, making the decision by the federal government to attempt and scuttle its consummation in November a large inflammation to both parties. The set spent almost the whole year operating in the gray area in between having struck an offer and being granted its approval, and might now have actually withstood all that torment for no factor.
However regardless of what occurs next with the deal, inside the federal government’s suit itself was a simply epic art piece. That’s something you do not say much about antitrust, sure, however in 2020 whatever is possible.
Here’s the drawing, with context:
Image Credits: DOJ As you can read from the accompanying text, Plaid is the volcano and, we expect by analogy, Visa is elsewhere above the water doing business, fretted that Plaid might alter the environment and erupt in which Visa presently operates. That would work. A less intriguing explanation of the Magic Volcano– a far better conceptual structure than a magic quadrant– is what previous Visa Ventures creator Peter Berg stated about the doodle: By Peter’s example, the volcano is truly more of an iceberg. That would make Visa the Titanic or some similar boat, right? It would be enjoyable to close by saying”all aboard the S.S. Visatanic,”however it appears the government is attempting to ensure that Plaid can not berth aboard the boat. Sticking to our nautical riff, if the Volcano-Iceberg Deal is killed, will Plaid raise the Jolly Roger and go hunt some other ships? There’s one in specific that comes to mind. Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.