News for hackers. Stuff that matters.
Re:FTC reportedly plans major antitrust lawsuit against Amazon by prepend on Thursday June 29, 2023 @03:48PM (#36525774)
> unreasonably exert power to lessen competition.

The unreasonable part is where the monopoly power comes in.

Companies lessening competition happens all the time, it’s the monopoly aspect that triggers antitrust.

Re:FTC reportedly plans major antitrust lawsuit against Amazon by ThatPlayer on Thursday June 29, 2023 @03:57PM (#36525857)
Monopoly power does not require a literal monopoly. Straight from the FTC: https://www.ftc.gov/advice-guidance/competition-guidance/gui...

> Courts do not require a literal monopoly before applying rules for single firm conduct; that term is used as shorthand for a firm with significant and durable market power

I'd say Amazon has "significant and durable market power"

Re:FTC reportedly plans major antitrust lawsuit against Amazon by robertlagrant on Thursday June 29, 2023 @05:26PM (#36526965)
What does that mean? Does Microsoft have that with Windows? Intel with x86? Apple with phones? What is the scale of those words?
Re:FTC reportedly plans major antitrust lawsuit against Amazon by ThatPlayer on Thursday June 29, 2023 @05:37PM (#36527092)
It means it's up to the courts to decide on a case by case basis.
Re:FTC reportedly plans major antitrust lawsuit against Amazon by robertlagrant on Friday June 30, 2023 @04:06AM (#36531916)
That sounds...arbitrary and subject to politicisation.
Re:FTC reportedly plans major antitrust lawsuit against Amazon by ThatPlayer on Friday June 30, 2023 @06:22AM (#36532620)
What method wouldn't be? Putting it to a committee would have similar problems. Writing it into a law would be too static.

Especially because the first part of determining marketshare and market power is determining the market. New markets happen all the time, with old markets dying out. Twenty years ago, smartphones wouldn't have been a market. Fifteen years ago: streaming services.

Like going back to your "Intel with x86", what is the market? x86_64 CPUs? Sure they have monopoly power. All CPUs? Now they don't have as much because they're competing with ARM too. Mobile phone CPUs? I don't think there's been a new Intel phone since the Asus Zenfone 2 (2015).

Re:FTC reportedly plans major antitrust lawsuit against Amazon by robertlagrant on Friday June 30, 2023 @06:53AM (#36532798)
The method of letting the markets decide would work, I think.
Re:FTC reportedly plans major antitrust lawsuit against Amazon by willcipriano on Thursday June 29, 2023 @08:35PM (#36528904)
I suspect this action might have been related to this announcement: https://www.ftc.gov/legal-library/browse/policy-statement-re... [pdf]

article - https://www.ftc.gov/news-events/news/press-releases/2022/11/...

They are more rigorously enforcing laws against unfair practices, monopoly or not.

"Unfair methods of competition, the policy statement explains, are tactics that seek to gain an advantage while avoiding competing on the merits, and that tend to reduce competition in the market."

Re:FTC reportedly plans major antitrust lawsuit against Amazon by grimgoldgo on Thursday June 29, 2023 @03:53PM (#36525816)
There are three primary antitrust laws, only one of them focuses on monopoly power in the way you describe. The Clayton and FTC acts are broader.