Re:Amazon Used Secret ‘Project Nessie’ Algorithm to Raise Pr...
by paulddraper on Tuesday October 03, 2023 @05:41PM
(#37757953)
What if lowering prices has both consequences?
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Re:Amazon Used Secret ‘Project Nessie’ Algorithm to Raise Pr...
by vb-8448 on Wednesday October 04, 2023 @02:58AM
(#37761759)
In the short term I agree, but in the long term, no way the consumers will benefit from the absence of competition.
Re:Amazon Used Secret ‘Project Nessie’ Algorithm to Raise Pr...
by SideQuark on Wednesday October 04, 2023 @07:39AM
(#37763720)
Amazon 2022 revenue ~343B, of which ~100B is AWS. Walmart revenue ~600B. And that's just one Amazon competitor. Looking at the top 10, Amazon has less than 20% of US retail sales. And there's a long list of retailers past that....
And once you look global, there's plenty more 100B+ revenue retailers, many of which also sell in the US.
I hardly think there is even close to an "absence of competition." Heck, Amazon is not even the biggest US retailer by a large margin. Each of these posts is full of fear and implications the evidence and statistics show to be unfounded.
[1] https://nrf.com/research-insights/top-retailers/top-100-reta...