Is Visa Stock Still a Safe Bet for Investors Amid Likely DOJ Lawsuit?

The U.S. Department of Justice (DOJ) is likely to file a lawsuit against Visa Inc. (V) , accusing the latter of monopolizing the U.S. debit card market, per Bloomberg. The DOJ has claimed that Visa engaged in anti-competitive practices, such as making exclusive deals that prevent other payment processors from growing and blocking technology companies from entering the market. By doing so, the company allegedly solidified its dominance in the market and stifled competition.The DOJ's goal is to challenge Visa ...