Re:Never Hertz to Ask
by wpietri on Sunday June 14, 2020 @01:06PM
(#23519349)
I don't think so. Per Crunchbase, Amazon only took $108 million in investment. Uber took $8 billion. Although I have plenty of issues with Amazon's behavior, I think they earned their market dominance the hard way.
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Amazon has been raising money though bonds for a while now, though. They even recently raised $10 billion in bonds at a crazy low rate.
https://markets.businessinsider.com/news/stocks/amazon-raise...
Fair point. Although I think Amazon is doing that based not on speculation about the possibility of gaining market dominance, but because they already have it. The fact that it's bonds and not venture funding is a sign.