Amazon engages in MANY anti-competitive practices.
But they get fines that cost less than launching Michael Strahan into space, so they just laugh.
Fine them a trillion dollars next time. That should take them a few years to earn at least.
Washington, DC's attorney general filed a lawsuit against Amazon.com (AMZN.O) on Tuesday, alleging the online retailer broke antitrust law by requiring that third-party sellers not offer better deals for their products elsewhere.
www.reuters.com
Italy's antitrust watchdog said on Thursday it had fined Amazon 1.13 billion euros ($1.28 billion) for alleged abuse of market dominance, in one of the biggest penalties imposed on a US tech giant in Europe.
www.cnn.com
They need to break Amazon up.
And convenience is overrated. What do we do with the time we supposedly save? Watch more TV? Nobody NEEDS stuff delivered to them in 4 hours by a drone.
Amazon has single-handedly - and permanently - raised the bar for convenience in online shopping. However, across the digital sector, some people are asking what the long-term negatives of convenience are. This convenience driving the Amazon flywheel hides some severe issues.
www.marketplacepulse.com