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Summary
Photo: Igor Golovniov/SOPA Images/LightRocket via Getty ImagesVisa has terminated its proposed $5.3 billion purchase of Plaid, a San Francisco-based provider of analytics software that connects fintech startups to users' bank accounts, the Justice Department said in a statement.Why it matters: The DOJ alleged in its civil antitrust lawsuit filed in November to block the merger that Visa is a "monopolist in online debit" and would eliminate Plaid's potential ability to compete in the online debit market.A pro-Trump mob at the Capitol building on Jan. 6.
As said here by Kia Kokalitcheva