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US antitrust case against Amazon to move forward

reuters.com

61–70 of 236 posts

Re: US antitrust case against Amazon to move forward

#61
post #51
post #29

Earlier quoted context omitted.

News sites aren't just providing information: they're trading reporting for ad impressions.

Serious question: are paywalled news articles better at outlinking and do they have no ads?

NYT will often outlink or if they're talking about a report, will provide a PDF of the report.

Example: https://www.nytimes.com/2024/10/02/us/politics/trump-jan-6-c...

Re: US antitrust case against Amazon to move forward

#62
post #6

I don't care who wins the election next month, Lina Khan needs to be kept as FTC chair. The FTC has been on a roll the past while.

What has she done that didn't fail or get shot down as political overreach? (not being sarcastic...i mean that i may have missed something inadvertently)

> didn't fail or get shot down as political overreach?

Progress requires testing the system and seeing where the failure points are. It's significantly better than the relative nothing we've gotten from past admins.

Also with the current judicial and congressional makeup it's a wonder anything gets done.

Re: US antitrust case against Amazon to move forward

#63
Amazon currently does not honor its prime shipping agreement with all domestic customers and has no customer service path to get the issue resolved. In some places USPS is unreliable and Amazon insists on using it repeatedly, violating its own promise to customers. This suggests to me that Amazon faces no competitive pressure to deliver good customer service.

Re: US antitrust case against Amazon to move forward

#64
More and more, antitrust is a means for people who dislike big, successful companies for no particular reason to attack them. On some level, the government is just throwing its weight around. The message is "don't forget who's really in charge."

Consider all the "Lina Khan fans" you see on HN and elsewhere. They rarely articulate why the government should be suing these companies, which laws that company broke, or if those laws make sense. They just don't like big companies and want them taken down a peg.

The Google suit was particularly egregious. There was no alternative to Google search because no one had built a better product for reasons that have nothing to do with anticompetitive behavior. And the real irony here is that Google appears to be behind on LLMs, which have finally given us an alternative to typing things into Google. So the government picked the exact moment when Google's search market share is seriously threatened to sue!

Re: US antitrust case against Amazon to move forward

#65
post #49

Reminder that a mere 15 years ago, Walmart was the unfair monopolist whose market position rendered competition infeasible. Also unclear to me why "ecommerce" is a market unto itself that we should be concerned with level of concentration in, as opposed to simply a slice of the broader "retail" market (which is much less concentrated)

Yes, but we don't know when the next technology shift will happen. Amazon might be able to abuse their position for decades if a disruption doesn't come.

Aa for E-commerce, it can have a larger inventory than physical retail. You're not going to find many solar charge controllers or mechanical keyboard parts at Walmart, but Amazon will have tons of options deliverable within 48 hours. Few sites can have comparable shipping cost/speed and you have to research each one, whereas Amazon enjoys the position of being the default.

A decade ago, I helped a small Amazon seller with his inventory, and it was eye opening to see all the fees and risks compared to eBay. But he couldn't sell on eBay without losing a massive portion of his customer base, despite their better shopping/buying UX in my experience.

Re: US antitrust case against Amazon to move forward

#66

Earlier quoted context omitted.

Not every one can afford the name brand. - Sincerely a kid raised on everything store brand.

I dont think anyone's arguing against generic alternatives of name brand items. The issue here is Amazon using up-and-coming and popular products as fodder for them to generic-ize and push to the top of results, essentially knee capping the original seller.

Yes, how dare they use their scale to make more cost-effective versions of popular things.

Re: US antitrust case against Amazon to move forward

#67
post #6

I don't care who wins the election next month, Lina Khan needs to be kept as FTC chair. The FTC has been on a roll the past while.

What has she done that didn't fail or get shot down as political overreach? (not being sarcastic...i mean that i may have missed something inadvertently)

The FTC has succeeded at a lot of things that just aren't very interesting to report on. I'd recommend reading through FTC press releases. They generally release a statement whenever a major action is started and resolved. By my count in the past year or so the FTC was involved in at least 12 successful anti-monopoly actions (I counted modified mergers, killed mergers, and divestments).

The most consequential merger win was probably the NVIDIA/ARM merger that died under FTC litigation.

https://www.ftc.gov/news-events/news/press-releases

https://www.ftc.gov/news-events/news/press-releases/2022/02/...

Re: US antitrust case against Amazon to move forward

#68
post #49

Reminder that a mere 15 years ago, Walmart was the unfair monopolist whose market position rendered competition infeasible. Also unclear to me why "ecommerce" is a market unto itself that we should be concerned with level of concentration in, as opposed to simply a slice of the broader "retail" market (which is much less concentrated)

The criticisms of Walmart 15 years ago are still pretty valid today, so I’m not sure this whataboutism really resonates with people.

It seems completely reasonable to split brick and mortar sales from web-based, given that the business model is pretty significantly different.

And AWS

Re: US antitrust case against Amazon to move forward

#69

Earlier quoted context omitted.

Why single out legacy media for this specifically? This isn't something newer media is better at.

Many popular podcasts would show the video, or pull up fact-checking in real time. If that's what you mean by "newer media" I would say it's 10x better. Reuters is legacy media, hence why I mentioned legacy media.

> Many popular podcasts would show the video

A podcast doesn't include any video data. How could it show a video?

Re: US antitrust case against Amazon to move forward

#70
post #64

More and more, antitrust is a means for people who dislike big, successful companies for no particular reason to attack them. On some level, the government is just throwing its weight around. The message is "don't forget who's really in charge." Consider all the "Lina Khan fans" you see on HN and elsewhere. They rarely articulate why the government should be suing these companies, which laws that company broke, or if…

The entire conceit of capitalism is that competition is good, and that competition forces companies to better address their customers needs. If they're not doing this, then someone can come in and undercut them.

But what happens in the scenario where the person comes in, undercuts them, and then sells to the bigger company? How does this force the larger company to change? This is like antitrust 101.

I don't understand people who claim to be proponents of capitalism and are opposed to antitrust. If you want the free market to determine anything with fewer regulations, then we need antitrust. Otherwise we need a lot more regulations. Which one would you prefer?

I have a feeling you wouldn't recognize anticompetitive behavior despite it hitting you in the face for the past 10 years.

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