predatory pricing

They allege that these companies are using billions of dollars in venture capital funds to engage in anti-competitive practices like "predatory pricing" or "deep discounting" which has further distorted the playing field for mom-and-pop shops.

Sen. Elizabeth Warren, D-Mass, and Rep. Adam Schiff, D-Calif., are calling upon the Federal Trade Commission and Department of Agriculture to investigate Albertsons and other major grocery chains for “predatory pricing” practices that may have violated federal laws.

“Albertsons is one of the largest food retailers in the United States, boasting over 2,200 stores across the country. This settlement covers the 589 Albertsons stores in California, but all U.S. customers should be protected from predatory pricing,” the lawmakers wrote in their letter.

"All U.S. customers should be protected from predatory pricing."

“And when you have a lack of competition, essentially like the basis of predatory pricing, ultimately there’s going to be long term gouging.”