DOJ plans to sue Visa over debit card market monopoly, causing a 2% drop.

From Investing.com: 2024-09-24 06:52:02

Visa faces a 2% drop in premarket trading as the U.S. DoJ plans to sue for alleged monopolistic practices in the debit card market. The lawsuit comes after a failed acquisition attempt of Plaid Inc. Analysts suggest Visa may have a defense due to market competition, but caution of regulatory impact. Citi has shifted preference to MasterCard amidst uncertainty. The case may focus on volume-based discounts and could result in financial penalties or pricing restrictions for Visa.



Read more at Investing.com: Visa shares drop on report DoJ will sue over debit card market monopoly By Investing.com