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US antitrust case against Amazon to move forward

reuters.com

71–80 of 236 posts

Re: US antitrust case against Amazon to move forward

#71

Earlier quoted context omitted.

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?

YouTube is the biggest podcast platform in the world

Re: US antitrust case against Amazon to move forward

#72
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…

Here you go:

* I'm a big fan of Chairwoman Khan.

* The government should be suing many of the companies FTC is going after because their behavior yields bad outcomes for consumers, such as worse health outcomes after a private equity group captures an entire geography then drives up prices while reducing quality.

* They tend to have broken laws around creating and abusing monopoly positions, usually with various illegal details like kickback arrangements and self-dealing.

* These laws make sense.

* I don't mind big companies and many of the companies FTC goes after are not particularly big.

* Companies that utilize edge cases in market dynamics to produce bad outcomes for consumers should be taken down a peg.

Re: US antitrust case against Amazon to move forward

#73

Earlier quoted context omitted.

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?

"Podcast" is now a generic term that covers any "talking head"-type Internet show, most of which are on YouTube.

Re: US antitrust case against Amazon to move forward

#74

Earlier quoted context omitted.

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?

There's this modern trend to call a bunch of people staring around a table a podcast. Whether they have cameras or not...

It annoys me too but I'm young enough to tolerate the kids on my lawn...

Re: US antitrust case against Amazon to move forward

#75
post #44
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.

I happened to come across her on 60 Minutes a couple of weeks ago, and that interview seemed awkward and sound-bitey to me. Thinking that she just might not be great at short-form segments I dug a little deeper and found an awesome long-form interview that she did with the Council on Foreign Relations. I highly recommend this to get a feel for what she is actually like as a policy person. She really impressed me. htt…

Prof G also interviewed her recently. It was a good one.

Re: US antitrust case against Amazon to move forward

#76
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)

This is why pinning anti-trust to monopolies is a mistake. Anti-trust is about competition and creating more of it... and if it's about increasing competition then they both need attention. They are both very big and abuse their dominance in ways that stifles competition. That is, in the last 15 years we added another company that needs anti-trust attention, nothing was replaced.

Re: US antitrust case against Amazon to move forward

#77

Earlier quoted context omitted.

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)

Not GP. I would say that her effectiveness is both in Fire and Motion [1], while one wants more Fire, before the status quo was not only no fire, but also no motion. Even the motion is a good starting point that businesses are having management adapt their strategies and plans to account for the motion, just out self-interested risk mitigation in case there is more fire than there currently is today, and that fire ge…

That seems really bad for the government to be doing this. If she is losing, then using the resources of the government to harass businesses that are acting lawfully seems like fascism.

Re: US antitrust case against Amazon to move forward

#78
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.

I don't know if I accept Khan's framing of, even though I haven't won any cases I have scared off potential mergers and that is a win. I think the US already leans too heavily on tying everything up in courts forever.

Yes, Khan has been a disaster for the FTC. Grossly overreaching, media grandstanding and then quickly losing in court in not-even-close rulings is not some kind of win.

Re: US antitrust case against Amazon to move forward

#79
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 original complaint has a number of pages starting at 39 (43 in pdf) dedicated to defining the relevant markets and why they feel brick and mortar isn't part of the relevant market.

https://www.ftc.gov/system/files/ftc_gov/pdf/1910134amazonec...

Re: US antitrust case against Amazon to move forward

#80
post #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.

Didn’t they drop the two-day shipping promise a while back?
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