this post was submitted on 12 Aug 2024
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cross-posted from: https://lemmy.ml/post/19046336

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[–] ulkesh@lemmy.world 5 points 2 months ago* (last edited 2 months ago) (1 children)

This is news to me! You got a link to a credible source? I’d love to read it so I can hopefully change my opinion some.

EDIT>> Found it on my own, and it's the FTC, not the FCC. ~~And this was posted one day ago, so I would think I could be forgiven for that :)~~ (Seems it's been in the works since March, at least) https://www.independent.co.uk/news/world/americas/us-politics/grocery-cost-inflation-investigation-b2594782.html

[–] FiniteBanjo@lemmy.today 5 points 2 months ago* (last edited 2 months ago) (1 children)

Investigation report form March LINK

April actions LINK

2 days ago LINK

Also they sued to stop the Albertsons Kroger Merger LINK

Everything else I said was pure assertion on my part, but the point still stands

[–] ulkesh@lemmy.world 1 points 2 months ago (1 children)

Thanks! That's definitely more than I found. I didn't know it goes back to March. Much appreciated.

[–] FiniteBanjo@lemmy.today 1 points 2 months ago (1 children)

Well you can find various FCC lawsuits going back decades but nobody ever talks about any of that stuff.

[–] ulkesh@lemmy.world 1 points 2 months ago (1 children)

I think you mean FTC, but I'll research to learn more. Thanks!

[–] FiniteBanjo@lemmy.today 1 points 2 months ago* (last edited 2 months ago) (1 children)

FTC oversees securities exchanges, primarily. Things like the stock market.

[–] ulkesh@lemmy.world 1 points 2 months ago (1 children)

You’re mistaken. That’s the SEC. FTC is commerce and trade.

[–] FiniteBanjo@lemmy.today 1 points 2 months ago (1 children)

Ah youre right, FCC just regulates telecommunications lol my bad must have been a little foggy.

[–] ulkesh@lemmy.world 1 points 2 months ago

No worries! Happens to me all the time in real life.

I appreciate the information you provided. Helps me learn some things I didn’t know and get my facts straight.