FTC: Amazon "extracts enormous monopoly rents from everyone within its reach."

FTC files “the big one,” a lawsuit alleging Amazon illegally maintains monopoly::FTC: Amazon “extracts enormous monopoly rents from everyone within its reach.”

  • @onionbaggageEnglish
    35•1 year ago

    Oooh. Someone’s getting a 0.001% fine to continue business as usual. Juicy.

    • wagonerEnglish
      21•1 year ago

      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.”

      • @onionbaggageEnglish
        4•1 year ago

        Yeah, and history shows that “structural relief” is going to be a small fine.

        • wagonerEnglish
          5•1 year ago

          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.

            • wagonerEnglish
              2•1 year ago

              Hahaha :-)

              There’s nothing I said that isn’t factual.

      • @[email protected]English
        3•1 year ago

        Thanks for reading the article for me, hah. I will say I’m looking for aws in particular to be split up.