Latest / The 47 Morning Update with Ben Ferguson
Elizabeth Warren & Dems Cheer — Another EVIL BIG Corp brought down by Socialism
1. Merger Block as the Central Turning Point JetBlue offered $3.8 billion in cash to acquire Spirit Airlines in 2022. According to the author, the deal was widely supported by: Spirit shareholders Unions Employees The DOJ sued to block the merger on antitrust grounds. A federal judge invalidated the merger in January 2024, which the author frames as the moment Spirit entered a “death spiral.” 3. Argument Against Antitrust Rationale The merger would not have reduced competition, citing: The combined JetBlue–Spirit market share would have been ~9% The “Big Four&rdquo…
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