this post was submitted on 27 Sep 2023
919 points (99.1% liked)

Technology

57432 readers
3211 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

FTC files “the big one,” a lawsuit alleging Amazon illegally maintains monopoly::FTC: Amazon "extracts enormous monopoly rents from everyone within its reach."

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 47 points 11 months ago* (last edited 11 months ago)

Lol are you high? Amazon isn't even the cheapest option in many cases and hasn't been for a long time. They're a terrible company that literally extorts merchants, authors, and businesses. Just look at the cut Amazon takes from books, for example: 65%!

https://authorlink.com/writing-insights/writing-does-amazon-take-a-percentage-or-flat-fee-on-e-book-sales-2021/

You'll see in that editorial just how much Amazon fucks over authors (many major authors have begun refusing to sell books and audiobooks on their platform). And that's just a tiny fraction of all the fuckery Amazon is involved in.

You're also being completely short sighted if you believe Amazon isn't going to begin price gouging the shit out of everything once their market dominance is utterly complete. Monopolies are illegal for a reason. Just read up on the Robber Baron Era of the US to see how bad it gets when monopolies go completely unchecked. Sadly, we're pretty much reliving it already, as Amazon isn't the only company doing this type of bullshit, which you rightly pointed out in regards to other rackets.