"We have nowhere else to go and Amazon know it." The FTC and states are going after Amazon, largely for stopping merchants from offering discounts elsewhere.
So worth the read. We all knew they were shitty (Fuck you Bezos for setting up a charity to pay your workers during the height of COVD) but they managed to exceed the bottom barrel expectations and descend even lower.
I don't know about that, Walmart has done a lot of damage to our towns, cities and urban fabric by destroying small businesses and getting subsidized huge properties with more parking lot than productive business and residential space, and almost single-handedly creating a poor class of working people who still have to rely on welfare.
They're already going after Google which is mentioned in the article. The real next target (at least in the tech space, don't know a ton outside of that) is Microsoft imo.
Walmart is the largest employer in half the states in the union. And almost all of those employees are still on government assistance so we’re subsidizing their staff wages. That part at the least needs to stop
Of course the shipping isn't free. But probably, the shipping to a handful of more localized facilities and then to the home directly is cheaper than the cost of shipping one case of that product to each of 4000 brick and mortar locations, where it might sit, tying up capital at each one for weeks before selling.
The article uses a 40% split too - I seriously doubt that the cost to ship a $6 item is $4, especially for Amazon running their own logistics network to lower costs even further. I don't quite understand why unbundling the shipping cost would be somehow better, meanwhile my local grocery store or Best Buy doesn't separately charge me for their transportation costs to get the item to the store location.
None of this is to defend the obviously undefendable Amazon - sounds like the FBA program is extremely predatory. And their selling ad placement on search pages has slowly ruined the shopping experience. I hope Amazon gets broken up for the good of the consumer and the market.
we already have a federal shipping service, and it would be better if republicans didn't try and destroy it every chance they get, like scrapping the sorting machines to stop mail in voters
What's crappy is that's the only reason they are killing it. Cause it allows MORE people to vote easier. Which means LESS votes for Republicans. That's why they keep trying to kill it and it sucks.
Jeff Bezos handed the CEO position to Jassy or whatever the fuck their name is prior to the rocket launch so if it went catastrophically wrong the stock price wouldn’t absolutely tank. Jeff is still a big shaker and mover with the board and effectively is still the CEO, even if not on paper.
As a side note, that was the trip they hyped up as “getting new perspectives from artists” and sent Shatner up there. When they came back down shatner was SHOOK and basking in the afterglow that a new perspective of the insignificance of their self brings and starts trying to articulate such a mind altering experience. Bezos met that energy by pulling out booth babes to champagne shower himself.
Was super tone deaf.
If you want to see it yourself just google “Bezos Interrupts Shatner Champagne”.
“Let's say a product today is sold for $10 on Amazon with 'free shipping'. If Amazon is forced to unbundle the FBA fee from the product price then it would cost $6 + $4 shipping.
In the short term, this is going to bring Amazon even more money. They'll just accept both until a competitor comes along.
Often times things are cheaper elsewhere these days. MSRP isn't really a good deal. The problem is Amazon has become the default and spends an enormous amount of money to make sure you are directed there.
I think most customers can figure out the bottom line price including shipping and compare that with other places, eg comparing Amazon to Ebay. What this will mean though is that websites will no longer bundle the price together, shipping and the item will be separated and prices will go up.
Is it the FTC's fault at all? Lina Khan is doing great work, and the US has fought against Microsoft's monopoly before. The real problem is the judicial system has no interest in joining this fight.
I wanted to read the whole article, but when I tap on continue reading when this pop up came up, nothing's happening. The pop up will not go away, who coded this website? Why won't this pop up disappear? I am not going to make an account just to read this one news article
Yesterday, the Federal Trade Commission and 17 states filed an antitrust suit against Amazon, one of the biggest companies in the world, for monopolization and unfair methods of competition.
Ostensibly, the retail firm is the lowest price option in the market, and it offers “free shipping” to over 100 million Amazon Prime customers, for which it charges a $139 a year membership fee.
Consumers pay for the free shipping, it’s just a hidden tax baked into the price of what you buy by an extraordinarily clever scheme put forward by Amazon.
The firm even speculated that “media and selling partners may claim the removal of the clause was not only trivial but a trick and an attempt to garner goodwill with policymakers amid increasing competition concerns.”
Indeed, the stakes here are one reason that antitrust legend Bill Kovacic called the Amazon complaint “the most important case that the FTC has brought in its 109-year history.”
The second is something called Project Nessie, which is an algorithmic pricing system so egregious that the FTC determined that it deserved its own charge as an unfair method of competition.
The original article contains 1,754 words, the summary contains 186 words. Saved 89%. I'm a bot and I'm open source!
The charges seem to revolve around how Amazon treats third-party sellers on its platform. It would seem, then, that I can avoid being a contributor to that by only purchasing on Amazon items which are sold by Amazon. And because their Prime free shipping costs them more than it does me, my choosing to do so only fucks them harder.
The amount of companies that Amazon would be broken up until is kinda high because they do so much. And each of those smaller companies wouldn't be insulated from competition as they are because they're an integral part of a monopoly.