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DoorDash to buy Instacart for $17 billion in big consolidation for grocery delivery (abcnews.com)
submitted 1 week ago by to c/technology@lemmy.world
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[–] 11 points 1 week ago (6 children)

The article doesn't say how they're planning to pay for Instacart. They could be planning to take on billions of dollars in debt for all we know.

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  • [–] 19 points 1 week ago (5 children)

    That still means the same thing though. If they're planning to take billions of debt, they and their lender think they're either making good money today or they'd be making it in the future. Or in other words they can either pay their workers more today or in the future. 😁

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  • [–] 9 points 1 week ago (4 children)

    Or they are going to do the typical private equity thing and transfer the debt to instacart as soon as they are acquired and then use the debt as an excuse for instacart to go bankrupt in a few years (or months) and walk away one competitor less in the market.

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  • [–] 1 point 1 week ago (3 children)

    And they won't make any money on that?

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  • [–] 2 points 1 week ago

    Oh no they will, once you've enshittified the business you operate, you have to enshittify the entire business sector, during all of that you have to enshittify our government agencies in order to trade your corporate dumps on the populace for cash.

    "Capitalism! It's working for someone!"

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