FTC files “the big one,” a lawsuit alleging Amazon illegally maintains monopoly::FTC: Amazon “extracts enormous monopoly rents from everyone within its reach.”
I can’t help but notice Amazon is facing a big lawsuit over hurting other corporations.
Selling an infinite catalogue of shoddy, fraudulent, and outright dangerous goods like leaden toys, phone-melting power-equipment, house-destroying incendiary batteries, and data-erasing empty data storage? No, that’s fine, that’s not Amazon’s fault, that was XZBBK’s fault. We kicked them off the store. No, I don’t think they’re related to that new company XBZZK, why would you say that? They sell legitimate USB cables that according to the listing used to be cutting board, a drying rack, a canopy for a kids bed, and an espresso machine.
It’s worse than that.
They DON’T kick bad actors off the store most of the time because they don’t know who they are.
Amazon keeps all of product X in one place in each distribution center, regardless of the supplier. So they can’t know which of the 35 sellers of the product is supplying the counterfeits.
I don’t buy batteries from them anymore. I’m pretty sure 90+% of 18650 cells they have are counterfeit.
At some point it became a question of who doesn’t sell counterfeit 18650s
The gall to question their listing with an average customer rating of 4.9/5 stars. Sure I only gave them that rating so I could qualify for the warranty on the 3 TB flash drive I bought from them for $8.99, but I’m sure it’ll work fine once I use it for the first time.
Amazon isn’t sued for not kicking bad actors, it is sued for being bad actor
Amazon and Walmart are in great need of some good ol’ trust busting. Well, they aren’t in need of it, this society is in need of it.
Amazon and Walmart have just outright won the game. Everyone else in those spaces, and adjacent spaces, just can’t compete anymore. You either do business with them or die/live on the leftover scraps.
It’s really not good, there should be more opportunities for others.
Oooh. Someone’s getting a 0.001% fine to continue business as usual. Juicy.
Everyone is so clever and so jaded. Please read the article:
“The lawsuit seeks declarations that Amazon’s conduct violates federal and state laws. It asks for an injunction prohibiting the conduct described in the lawsuit along with unspecified “structural relief” that would be “necessary to redress and prevent recurrence of Amazon’s violations of the law.” Structural relief could involve breaking up the company.”
Yeah, and history shows that “structural relief” is going to be a small fine.
The Dem appointees are trying to change things for the better. They may not be successful but I’m willing to wait and see, rather than cynically write off all chances today. It’s a mindset difference. Apathy and cynicism aren’t places I personally enjoy living.
Neither is reality apparently.
Hahaha :-)
There’s nothing I said that isn’t factual.
And maybe selling off one or two of its smallest ventures.
Thanks for reading the article for me, hah. I will say I’m looking for aws in particular to be split up.
I just want a trust buster
Pff…. Now do the banks, cable companies, health care, etc.
If they did the banks, you’d say Pff, now do Amazon. Let’s value what we have and hope to build on it, rather than dismiss it as not enough.
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Thse are just government employees. They dont have an unlimited staff count to deal with everything at once. Its unrealistic.
banks
Not a monopoly though?
cable companies
Agreed on this one! In theory, there are lots of cable companies.
In practice, you actually only have one cable provider that provides service in your area.
health care
Also not a monopoly in my area.
Don’t get me wrong, I don’t mean to defend any of the abusive practices of any of these industries. It’s just that they’re not monopolies.
Monopoly as used by professional economists doesn’t refer to a literal 100% marketshare. It refers to distortion.
FCC burns ISP’s butts
i hate amazon as much as anyone, but…really, just cancel prime and dont use them unless you absolutely have to. Order direct from companies themselves if you can. Shop local. You can’t rely on the FTC to do anything and i doubt this will go anywhere. you are much more powerful than you think you are.
That feel when your Etsy purchase comes with an Amazon receipt in the package :(
I had this happen to me on eBay as well. I paid a few extra bucks to avoid buying from Amazon and instead got the item mailed to me directly from Amazon. This is against eBay’s policies (you need to have the described item on hand) and may be against Etsy’s policies too
That’s if Etsy shit wasn’t expensive as hell. It’s not practical to ship at
No thanks, I don’t feel like going back to waiting a week for my package, 4 hour to next day delivery is just too nice
fair enough. i found that it was mostly a scam. they hook you in with “free” prime in college, then it just keeps re-billing forever until you finally realize “do i really need this package in 1 day as opposed to 3-4?” in my case, i virtually never need something instantly. so why pay the $170? its clearly very profitable for them, judging by how desperately they try to get me to re-sign up.
Will not go anywhere because Amazon and other gigacirporations basically own the US govt at this point.
Well it’s a shame a company can’t keep benefitting the customers. Seems the capitalist business plan always has to go through a morph of fucking over everyone.
This is the best summary I could come up with:
The Federal Trade Commission and 17 state attorneys general today sued Amazon, claiming the online retail giant illegally maintains monopoly power.
“Our complaint lays out how Amazon has used a set of punitive and coercive tactics to unlawfully maintain its monopolies,” FTC Chair Lina Khan said.
Today’s lawsuit seeks to hold Amazon to account for these monopolistic practices and restore the lost promise of free and fair competition."
Joining the FTC in the lawsuit are Connecticut, Delaware, Maine, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, New Hampshire, New Mexico, Nevada, New York, Oklahoma, Oregon, Pennsylvania, Rhode Island, and Wisconsin.
The FTC claimed that “Amazon’s illegal, exclusionary conduct makes it impossible for competitors to gain a foothold,” and that the company “extracts enormous monopoly rents from everyone within its reach.”
If the FTC gets its way, the result would be fewer products to choose from, higher prices, slower deliveries for consumers, and reduced options for small businesses—the opposite of what antitrust law is designed to do," Amazon Global Public Policy & General Counsel David Zapolsky wrote.
The original article contains 613 words, the summary contains 174 words. Saved 72%. I’m a bot and I’m open source!
Amazon gets me shit for cheap and quickly. They could punch me in the face once a year for a fee. I’m not paying $8 to target for fucking deodorant when amazon will get it to me tomorrow for $3. Every penny in this economy counts.
Go after fucking Xfinity and real monopolies that hold our infrastructure and food supply hostage. Otherwise people aren’t going to respect government and the FTC.
Enjoy your counterfeit deodorant that’ll likely give you cancer, I guess? Most of what they get people these days is fake garbage that’s the same shit on Wish and Temu, but somehow being on Amazon makes it seem more trustworthy to anyone not paying attention.
👞👅
I hope they break it into a dozen pieces (or better yet, nationalize it) and cast Beef Jesus into the abyss.
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Over 50% of Amazon’s sales are their marketplace. A marketplace is considered “free” when it is regulated against things like fraud. Amazon isn’t fighting fraud, they profit from it. The amount of bootleg goods on Amazon is insane.
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It does offer a critical feature to the country, distribution of goods to people within the country.
Why not just lobby or advocate or vote for funding of the postal service we have had for a while now…
Amazon hasn’t been around forever.
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? Who here is a lemmygrad user?
Lina is the best
LET’S GOOOOOOOOOOOOOOO
I want this to actually do something but I don’t have any hope anything will happen. Sigh.
