Apparently APlaceForMom was #1 in the market and Caring.com was #2 and the FTC feared that having the same stockholders owning majority stakes in both companies would lead to data sharing and essentially be market consolidation.
So RV sold off their $1.4B investment.
Apparently APlaceForMom was #1 in the market and Caring.com was #2 and the FTC feared that having the same stockholders owning majority stakes in both companies would lead to data sharing and essentially be market consolidation.
So RV sold off their $1.4B investment.