this post was submitted on 03 Nov 2023
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Amazon execs destroyed years of evidence before FTC action, agency says::Amazon allegedly destroyed communications, turned controversial programs on and off, and knowingly raised prices for consumers, according to unsealed documents.

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[–] [email protected] 117 points 1 year ago (25 children)

Split Amazon into retail and web services and then further split them into multiple different companies. Amazon has gotten way too big and stifling competition along the way.

Do the same to Facebook too while we're at it. Fucking hate speech central.

[–] [email protected] 12 points 1 year ago (7 children)

The moment you seperate AWS from the rest, the rest will shut down.

[–] [email protected] 1 points 1 year ago (4 children)

Why would you think that it isn't profitable?

[–] lutillian 10 points 1 year ago* (last edited 1 year ago) (1 children)

Because they sell the bulk of their products at a loss. They use their webservices platform to bankroll their retail platform so they can undersell even Walmart. Some years it does turn a slight profit but generally it's fairly negative but no matter what it doesn't offset the pure profit that is the web services division. https://ir.aboutamazon.com/quarterly-results/default.aspx

[–] [email protected] 3 points 1 year ago* (last edited 1 year ago) (2 children)

Serious question, why do they then even bother with the retail platform?

[–] lutillian 16 points 1 year ago

If I had to guess, to achieve the ultimate conclusion of the Walmart plan, squash every other retailer in the nation and then raise prices.

[–] [email protected] 4 points 1 year ago

Brand awareness, data metrics, upselling their shitty amazon choice products.

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