'The MNVOs were driving prices down because they could drive mean and lean,' Adderton said. 'Under Trump, we saw T-Mobile and Sprint consolidate, but under the Biden government we've lost 15 wireless brands,' Peter Adderton, CEO of Mobile X Global, a mobile virtual network operator (MVNO) said recently.Īn MVNO is a company that uses another large company's infrastructure to operate. The DOJ has let other smaller deals play out, but sources said they are looking to step in on this major telecom consolidation move. President Joe Biden has appointed to the DOJ and other investigative agencies that are behind such actions. 'This case is a reminder that, when celebrities or influencers endorse investment opportunities, including crypto asset securities, it doesn't mean that those investment products are right for all investors,' said SEC Chair Gary Gensler in 2022.Īccording to insiders, it's the progressives that U.S. The 'pump and dump' strategy was attacked after Kardashian failed to disclose her payment. In 2022, the SEC went after Kim Kardashian for a crypto scheme. This isn't the first time investigative bodies have gone after celeb-endorsed deals. 'Now, everyone in Hollywood will notice,' Coffee told The Post. In an interview, Columbia law professor John Coffee said that some inside the DOJ have honed in on the strategy of 'going after public figures.' investigative agency is looking into the acquisition on antitrust concerns
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