It usually doesn’t benefit the shareholders either. Something like 80% of all M&A activity is considered a general failure.
Projected “synergies” never come to fruition because employees on both sides are handled poorly in the transaction. A firm’s capabilities only exist because of its employees; when they all leave, most of the value goes with them.
I think some things can be beneficial to customers. For example, with the T-Mobile and Sprint merger, we got a ton more spectrum, and so speeds are super fast now. And we also got the T-Mobile Connect plans, which is what I use.
There's lots of things like Google where ubiquity provides simplicity and speed but it also creates a terrible dilemma if the share holder ever has a desire to make profit at the expense of the userbase. So it might be beneficial for now or there might be a silver lining but there is no promise it will always be that way.
In the end T-Mobile is driven by profits not your happiness and if at any point your unhappiness becomes profitable you're out of options.
I need to exit mint. What's the next option? Something that is not republic wireless or Google Fi, sprint, att, etc asshole companies. Is there anything else out there?
Not really, Republic is an MVNO of Verizon. Mint is an MVNO of T-Mobile. Cricket is an MVNO of AT&T. I guess you could go with Dish, but that's laughable.
10 Comments
teamevil@lemmy.world · 10 pts · 2y
msbeta1421@lemmy.world · 1 pts · 2y
It usually doesn’t benefit the shareholders either. Something like 80% of all M&A activity is considered a general failure.
Projected “synergies” never come to fruition because employees on both sides are handled poorly in the transaction. A firm’s capabilities only exist because of its employees; when they all leave, most of the value goes with them.
shortwavesurfer@monero.town · 1 pts · 2y
I think some things can be beneficial to customers. For example, with the T-Mobile and Sprint merger, we got a ton more spectrum, and so speeds are super fast now. And we also got the T-Mobile Connect plans, which is what I use.
Tak@lemmy.ml · 1 pts · 2y
There's lots of things like Google where ubiquity provides simplicity and speed but it also creates a terrible dilemma if the share holder ever has a desire to make profit at the expense of the userbase. So it might be beneficial for now or there might be a silver lining but there is no promise it will always be that way.
In the end T-Mobile is driven by profits not your happiness and if at any point your unhappiness becomes profitable you're out of options.
shortwavesurfer@monero.town · 1 pts · 2y
Now that is a good point.
Anticorp@lemmy.ml · 3 pts · 2y
Ugh, we're going to be left with like 5 syndicate corporations that own and run the entire world.
shortwavesurfer@monero.town · 1 pts · 2y
We kind of already do. Ever heard of Google and Amazon?
imgprojts@lemmy.ml · 1 pts · 2y
I need to exit mint. What's the next option? Something that is not republic wireless or Google Fi, sprint, att, etc asshole companies. Is there anything else out there?
shortwavesurfer@monero.town · 2 pts · 2y
Not really, Republic is an MVNO of Verizon. Mint is an MVNO of T-Mobile. Cricket is an MVNO of AT&T. I guess you could go with Dish, but that's laughable.
imgprojts@lemmy.ml · 1 pts · 2y
I hate not having a choice.
DynamicBits@lemmy.ml · 2 pts · 2y
Visible? It is owned by Verizon.