FTC Requests Public Comment on Red Ventures' Application to Approve Sale of Caring.com #00003

Submission Number:
00003
Commenter:
Michael Belmont
State:
Ohio
Initiative Name:
FTC Requests Public Comment on Red Ventures' Application to Approve Sale of Caring.com
I wholeheartedly agree with the FTC's March 12, 2018, final order settling charges that Red Ventures' $1.4 billion acquisition of Bankrate would likely harm competition in the market for third-party paid referral services for senior living facilities. I believe that the ever increasing rate at which senior living facilities are being engulfed by international banking conglomerates is both disturbing and very harmful to all senior citizens that have watched and suffered at the ever increasing cost of living and the significant decrease in the quality of care provided by the living facilities. The ever increasing incidents of abuse, neglect and sadness taking place throughout our senior care facilities is a smear on our society. The decision to deny the Matter of Red Ventures; FTC File No. 1710196 is the only conscientious decision that can be made. If you are interested the first Google search for Red Ventures reveals a lot about the company and how it is managed, who really owns it and some stunning revelations from Red Venture employees. https://www.reddit.com/r/Charlotte/comments/1swb6i/anyone_here_work_at_r... I am reassured that this public comment is part of the public record.