Robert ReichDec 15, 2022

Kroger projects $4.9 billion in profits in 2022.

Now it's purchasing Albertons, the second largest grocery store chain, for $25 billion.

Albertsons previously acquired Safeway for $9.2 billion.

Why are grocery prices up? Grocery store goliaths are buying the competition.

Show threadDj Padzensky
@rbreich How did the SEC let that one happen?
Dec 15, 2022 at 11:32pmWeb
Show threadSpacklerDec 15, 2022
@dj @rbreich FTC
Show threadDj PadzenskyDec 15, 2022
@JonathanSpackler @rbreich sorry, that’s what I meant.
Show threaddrackshackDec 15, 2022
@dj @JonathanSpackler @rbreich they're all terrified of regulation. Just about every industry is consolidating like but there's very little antitrust action in response.
Show threadJim ChuDec 16, 2022
@dj @rbreich I think it’s actually the FTC which is in charge of antitrust, but no one knows because they’ve been silent.