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.
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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