Comment on Amazon made $1 billion through secret price raising algorithm -US FTC

rynzcycle@kbin.social ⁨1⁩ ⁨year⁩ ago

I remember an article ages ago that showed that Amazon, undoubtedly a monopoly, was on the right side of the law because of the "consumer welfare standard".

This was back when they were in growth mode and still unprofitable, but it seems obvious with this and their now record profits that they no longer pass that test. Time to break it up.

source
Sort:hotnewtop