Re:Congress is going to throw the kitchen sink at big tech
by ab_testing on Friday June 11, 2021 @01:30PM
(#27476163)
600B seems like a totally arbitrary made up number to target Amazon but leave out Walmart (which is close to 400B). Looks like Walmart lobbying dollars are bearing fruit.
Re:Congress is going to throw the kitchen sink at big tech
by chomp on Friday June 11, 2021 @01:35PM
(#27476240)
Seems like they set a high market cap to carve out head room for Walmart.
Re:Congress is going to throw the kitchen sink at big tech
by bogota on Friday June 11, 2021 @01:19PM
(#27476024)
Sounds like this would be easily defeated by spinning amazon out into different companies? Maybe that is a good end result though.
Re:Congress is going to throw the kitchen sink at big tech
by ethbr0 on Friday June 11, 2021 @01:22PM
(#27476058)
I haven't looked at any formal studies of the net effects of the Bell breakup, but I'd be hard-pressed to say they were net negative.
Especially with a relatively light "break-up, then allow to recombine as market evolution renders their previous monopoly moot" long-term approach.
Re:Congress is going to throw the kitchen sink at big tech
by ben_w on Friday June 11, 2021 @01:56PM
(#27476488)
Especially as Amazon is already many companies, in many different jurisdictions, and covering different product and service categories: https://opencorporates.com/corporate_groupings/Amazon
Re:Congress is going to throw the kitchen sink at big tech
by tedunangst on Friday June 11, 2021 @04:05PM
(#27477802)
Spinning off AWS, which is pretty independent, might be enough.
> ‘covered platforms’ (companies that have a half-million monthly U.S. users and more than $600 billion in market cap)
There are only 8 companies in the world that match the market cap. Probably 6 if you add "users": Apple, Microsoft, Amazon, Google, Facebook, and probably Tencent.