Re:The FTC Sues to Break Up Amazon over an Economy-Wide “Hid...
by fyrn_ on Wednesday October 04, 2023 @01:42PM
(#37768854)
That's nice, but the reality is that Amazon has almost 90% control of e-commerce.
They have huge monopoly power, and laws exist to protect consumers from that.
Is it the ideal way to build a society? No,
But the government should still step in when it happens.
Re:The FTC Sues to Break Up Amazon over an Economy-Wide “Hid...
by nearbuy on Wednesday October 04, 2023 @02:14PM
(#37769336)
They have about a 38% market share of e-commerce in the US, far ahead of any competitors, but also far from 90%.
https://www.statista.com/statistics/274255/market-share-of-t...
Re:The FTC Sues to Break Up Amazon over an Economy-Wide “Hid...
by mcguire on Wednesday October 04, 2023 @02:35PM
(#37769612)
(The next leading market share is Walmart's 6.3%.)
Re:The FTC Sues to Break Up Amazon over an Economy-Wide “Hid...
by abduhl on Wednesday October 04, 2023 @02:00PM
(#37769124)
90% by what metric?
Re:The FTC Sues to Break Up Amazon over an Economy-Wide “Hid...
by fyrn_ on Wednesday October 04, 2023 @05:24PM
(#37772014)
I actually misread fig. 14 from the article which was the set of top market participants.
So it has a 90% share of the ecommerce of those top 5, not the whole market.
Honestly feel the article intended that misreading
Re:The FTC Sues to Break Up Amazon over an Economy-Wide “Hid...
by Eisenstein on Wednesday October 04, 2023 @01:27PM
(#37768598)
Except when you corner the entire market and use your position to stifle competition. Then it doesn't matter what you 'own'; you are breaking the law.
Amazon is not a neutral entity or a public space. It's a private platform with its own interests that are very often in conflict with sellers.
There is this weird cultural expectation of platforms and platform-like applications (social media, multiplayer video games, online stores, proprietary libraries/engines, even entertainment media "universes" and franchises etc.). Participants and consumers seem to think that these platforms are somehow public spaces that they partially own, or at least they act that way.
But you only own what you actually own.
There are legal instruments and structures that actually let you partially own things and/or grant you rights so you can act on these kinds of expectations: coops, open source and other such licenses etc.
When internet culture and commerce wants to mature, then maybe we should start focusing more on building on _legally_ trustworthy foundations.