Washington state shuts down Amazon price-fixing program nationwide
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Re: Washington state shuts down Amazon price-fixing program nationwide
#2"There are about 2.3 million third-party sellers on Amazon worldwide, according to information from a 2018 Amazon letter to its shareholders"
That number is pretty amazing. I never would've guessed over 2 million, and that number must be higher by now.
Re: Washington state shuts down Amazon price-fixing program nationwide
#3I was surprised that the consent decree required the program to be shut down nationwide, but it looks like the program began in 2018 and was ended in 2020.
Re: Washington state shuts down Amazon price-fixing program nationwide
#4It snowed really hard here recently. I went to buy two plastic sleds on Amazon, the type you find at a Walgreens for $5. They were $70. I've pretty much curbed my Amazon use for anything but niche hard to find items at this point.
Re: Washington state shuts down Amazon price-fixing program nationwide
#5although I think it's great that it's getting shut down I don't like this part:
Amazon will pay $2.25 million to the Attorney General’s Office, which will be used to support the Attorney General’s antitrust enforcement, which does not receive general fund support.
Re: Washington state shuts down Amazon price-fixing program nationwide
#6"In addition, Amazon will pay $2.25 million to the Attorney General’s Office, which will be used to support the Attorney General’s antitrust enforcement, which does not receive general fund support."
Not sure if I am more concerned that this puts a heavy incentive for the AG to go out and "get funding" from companies or that they are not funded to do this work.
Re: Washington state shuts down Amazon price-fixing program nationwide
#7although I think it's great that it's getting shut down I don't like this part: Amazon will pay $2.25 million to the Attorney General’s Office, which will be used to support the Attorney General’s antitrust enforcement, which does not receive general fund support.
kickback and relax, emphasis on kickback
Re: Washington state shuts down Amazon price-fixing program nationwide
#8"In addition, Amazon will pay $2.25 million to the Attorney General’s Office, which will be used to support the Attorney General’s antitrust enforcement, which does not receive general fund support." Not sure if I am more concerned that this puts a heavy incentive for the AG to go out and "get funding" from companies or that they are not funded to do this work.
It's just a payoff.
Re: Washington state shuts down Amazon price-fixing program nationwide
#9Former Amazonian here. When i was there, they made us take this antitrust training course that had things like "don't use terms like 'market share' in internal communications", but all along there were people doing this? I mean...
Re: Washington state shuts down Amazon price-fixing program nationwide
#10Why are regulators incapable of assessing meaningful punitive damages? 2.5 million is peanuts to Amazon.