Amazon HQ2 and other news

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  • mrussel1
    mrussel1 Posts: 30,904
    Halifax2TheMax said:
    mrussel1 said:
    Halifax2TheMax said:
    I wonder how this affects that ^^^^^? From A Letter From an American:

    Today, on the anniversary of the creation of the Federal Trade Commission (FTC) in 1914, the FTC and 17 state attorneys general sued Amazon for using “a set of interlocking anticompetitive and unfair strategies to maintain its monopoly power.” The FTC and the suing states say “Amazon’s actions allow it to stop rivals and sellers from lowering prices, degrade quality for shoppers, overcharge sellers, stifle innovation, and prevent rivals from fairly competing against Amazon.” 

    The states suing are Connecticut, Delaware, Maine, Maryland, Massachusetts, Michigan, Minnesota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Oklahoma, Oregon, Pennsylvania, Rhode Island, and Wisconsin. The lawsuit was filed in U.S. District Court for the Western District of Washington.

    While estimates of Amazon’s control of the online commerce market vary, they center around about 40%, and Amazon charges third-party merchants for using the company’s services to store and ship items. Last quarter, Amazon reported more than $32 billion in revenues from these services. The suit claims that Amazon illegally overcharges third-party sellers and inflates prices.
    I don't know the ins and outs of this suit.  By breaking up Amazon and creating an environment akin to our streaming services is not good in my book.  I love that I have one membership and go one place to shop.  What I do not want is 4 memberships to 4 shopping services like we have with streaming today.  Amazon can monopolize all they want so long as I don't have to do quadruple my costs.  

    And no, I don't necessarily think that multiple competitors will drive down the prices. 
    So you’re okay with ticketbastard? Because that’s what model you eventually end up with if it’s left unchecked. And then what? Why would you need 4 shopping services memberships? You just keep your Amazon account and continue shopping there.
    There's nothing stopping the other 3 shopping services from forming today.  TM isn't the right analogy.  TM has a monopoly on the arenas themselves, so you have to use TM.  Let's take Adidas as an example.  If I could only buy Adidas shoes from Amazon because there was an exclusive contract, then yes, I would have an issue.  But today, I can compare prices of Adidas at Dick's, Zappos, Amazon, wherever and decide where I buy them.  To my knowledge, Amazon does not restrict where retailers and manufacturers sell their products.  
  • Halifax2TheMax
    Halifax2TheMax Posts: 42,543
    Thanks Bozos. Guess you still don’t have enough?

    https://www.cnn.com/2023/11/02/tech/jeff-bezos-amazon-ftc-lawsuit/index.html
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  • static111
    static111 Posts: 5,124
    Halifax2TheMax said:
    Thanks Bozos. Guess you still don’t have enough?

    https://www.cnn.com/2023/11/02/tech/jeff-bezos-amazon-ftc-lawsuit/index.html
    But it's convenient, it saves consumers money, it has my favorite shows...what's a little deception in the face of all the benefits?  Surely they wouldn't do worse if they have even more of the market consolidated.  
    Scio me nihil scire

    There are no kings inside the gates of eden

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