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BOZOS in trouble...
Posted by: freeradical
Date: September 26, 2023 02:04PM
Quote

The Federal Trade Commission and 17 states sued Amazon on Tuesday, setting up a long-awaited antitrust fight with the e-commerce giant that could alter the way Americans shop for everything from toilet paper to electronics online.

The 172-page suit, the federal government’s most significant challenge to the power of the online store, accused Amazon of protecting a monopoly over swaths of online retail by squeezing merchants and favoring its own services.

For consumers, that meant “artificially higher prices” as merchants were blocked from selling their products for less on other sites, and a worse shopping experience as Amazon boosted its own products and peppered its search results with ads, the lawsuit said. The retailer’s tactics made it impossible for its rivals to compete, the agency and states said.

“A single company, Amazon, has seized control over much of the online retail economy,” said the lawsuit, which was filed in the U.S. District Court for the Western District of Washington. “It exploits its monopolies in ways that enrich Amazon but harm its customers: both the tens of millions of American households who regularly shop on Amazon’s online superstore and the hundreds of thousands of businesses who rely on Amazon to reach them.”

The lawsuit put the influence and reach of Amazon, a $1.3 trillion behemoth, squarely in the spotlight after years of mounting scrutiny. Founded by Jeff Bezos in 1994, the onetime upstart online bookseller has grown into a sprawling conglomerate with tentacles in retail, Hollywood and the foundational infrastructure of the internet.

Much of the Seattle-based company’s power has emanated from its online marketplace, sometimes known as an “everything store” for the range of products it sells and the speed with which it delivers them. Amazon’s sway over online commerce has shaped the lives of merchants around the world, set the working conditions for more than one million warehouse workers and pushed the U.S. Postal Service to deliver on Sundays.
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Re: BOZOS in trouble...
Posted by: jonny
Date: September 26, 2023 02:21PM
About time!
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Re: BOZOS in trouble...
Posted by: Acer
Date: September 26, 2023 02:22PM
Remind me to check back in 5 to 7 years when this monster finally gets resolved.
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Re: BOZOS in trouble...
Posted by: NewtonMP2100
Date: September 26, 2023 02:24PM
…..saw that this morning but Amazon always gets away with it…..



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Re: BOZOS in trouble...
Posted by: mikebw
Date: September 26, 2023 02:39PM
Quote
Acer
Remind me to check back in 5 to 7 years when this monster finally gets resolved.

Maybe!

I hope they don't set a precedent around making it illegal for stores to produce their own brand versions of popular products though. I know Amazon has done a lot of that with their Basics brand, much like Costco's Kirkland label. I don't see the problem with it really.
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Re: BOZOS in trouble...
Posted by: pdq
Date: September 26, 2023 03:03PM
Reminds me of when Bezos et al convinced the FTC to sue Apple for anti-competitive efforts in digital books.

RollingEyesSmiley5
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Re: BOZOS in trouble...
Posted by: DeusxMac
Date: September 26, 2023 03:31PM
Time to buy shares in Pinduoduo Inc.(PDD)??
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Re: BOZOS in trouble...
Posted by: hal
Date: September 26, 2023 04:10PM
For consumers, that meant “artificially higher prices”

I get that AMZ has monopolistic tendencies, but amz has only pushed prices lower afaic. Curious to see how this plays out.
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Re: BOZOS in trouble...
Posted by: chopper
Date: September 26, 2023 04:56PM
The only long term possible hope is that Trump gets re-elected and pours the coals on this long term. He does not like Jeff B.
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Re: BOZOS in trouble...
Posted by: rz
Date: September 26, 2023 06:25PM
This will probably get pushed to the other side, but any sentence with the words “hope” and “Trump gets re-elected” are an oxymoron.
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Re: BOZOS in trouble...
Posted by: Speedy
Date: September 26, 2023 07:53PM
Quote
rz
This will probably get pushed to the other side, but any sentence with the words “hope” and “Trump gets re-elected” are an oxymoron.

smiley-score010



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Re: BOZOS in trouble...
Posted by: MikeF
Date: September 26, 2023 11:12PM
I'll be waiting for my $0.39 class action payment.
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Re: BOZOS in trouble...
Posted by: Filliam H. Muffman
Date: September 26, 2023 11:59PM
Quote
hal
I get that AMZ has monopolistic tendencies, but amz has only pushed prices lower afaic.

Not always. They lower prices on select items to drive other retail streams out of business and drive traffic to their site. Once they mostly have a distribution monopoly, they can raise prices higher than they were. They also pull the megacorp tactic (Walmart*, Target) of demanding producers cut prices every year, putting small producers in a bind when they depend on a single point of distribution.



In tha 360. MRF User Map
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Re: BOZOS in trouble...
Posted by: mrbigstuff
Date: September 27, 2023 07:34AM
Yeah, lots of items are more expensive than brick and mortar stores probably for convenience sake. And for the fact that folks don't check prices much.



Hurts like a bastid...
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Re: BOZOS in trouble...
Posted by: chopper
Date: September 27, 2023 08:55AM
Quote
rz
This will probably get pushed to the other side, but any sentence with the words “hope” and “Trump gets re-elected” are an oxymoron.

Let's try it the other way then. I hope Biden remembers to stay on this so it actually gets legs.
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Re: BOZOS in trouble...
Posted by: Carnos Jax
Date: September 27, 2023 08:57AM
you keep pushing
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Re: BOZOS in trouble...
Posted by: Acer
Date: September 27, 2023 10:23AM
Quote
mrbigstuff
Yeah, lots of items are more expensive than brick and mortar stores probably for convenience sake. And for the fact that folks don't check prices much.

It is not a good place at all for food and sundries. Rule of thumb: if they want you to "subscribe and save" it's overpriced.
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Re: BOZOS in trouble...
Posted by: ka jowct
Date: September 27, 2023 10:41AM
I wonder if Amazon will follow Google's lead on charging people for their eavesdropping equipment.

No free Alexa?



My life goes smoothly and in regular intervals
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Re: BOZOS in trouble...
Posted by: RAMd®d
Date: September 27, 2023 01:37PM
Does Google require a subscription for any use of its kit?

I don't have any, but do have some Alexa stuff, and I'd never get a subscription.

If they maintained a free level of limited features, that would be fine.

But saying that a subscription would be needed for any use of hardware already sold seems problematic at best.






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Re: BOZOS in trouble...
Posted by: Buzz
Date: September 27, 2023 02:36PM
Quote
mikebw
Quote
Acer
Remind me to check back in 5 to 7 years when this monster finally gets resolved.

Maybe!

I hope they don't set a precedent around making it illegal for stores to produce their own brand versions of popular products though. I know Amazon has done a lot of that with their Basics brand, much like Costco's Kirkland label. I don't see the problem with it really.


I'm liking the last few years of Costco co-branding; lots more stuff keeps showing up w/ both the OEM & Kirkland branding on it, so you no longer have to track down who the real OEM is. AMZ Basics is still a guessing game as to who really makes things. Though to be transparent, we buy way, way, way more Kirkland branded items than Amazon Basics. AMZ has been limited to socks, underwear, cables, and a grout removal tool.

Still cogitating over the whole dismantling conundrum, so the opinion hasn't crystalized yet.
==
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