So the fine for price fixing is $100M and Amazon is worth $2 trillion so that’s like 20,000x bigger than the fine. I think they will survive this one gang
Technology
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
Amazon NUTTED 🤤🤤🤤🤤🤤
There was a time when Amazon was not full of scummy rip-off products, when it was not playing games with prices, when it was not a cloud-computing powerhouse, and you know what happened?
That's right, they crushed their adversaries (retail shopping) and earned billions in profits. They won.
But somehow that's not enough winning, there isn't enough winning until all the value has been vacuumed up from the world.
Bezos explicitly undercut the competition for years to drive all of the competition out of business. Amazon took as much time from 1997-2016 to make as much profit as they did in 2017, which is also (not) coincidentally when they hit peak market saturation and were able to start raising their prices.
So what you're talking about was real, but it wasn't like, "back when Amazon was good", they were just preparing for what they are now. Having a huge monopoly on just about everything has always been their win condition, and they're no where near done winning.
Yeah. It's the same thing Uber did with pushing cab services out of business.
Not only that, but AWS is the real money maker for them. Not that retail and gaming and prime and whatever don't also make boat loads of cash, but it doesn't even graze AWS. The scale of these data centers is unreal and most of the internet runs on AWS.
I'm an industrial electrician with background on what they're ordering and installing in terms of control panels and if you saw the weekly shipments it'd make you sick. And we're only one supplier, they have others.
BREAKING NEWS!!
Evil company known for being evil is caught doing evil things!
It's not like that even try to hide a lot of the shit they do.
Stuff like:
- locking authors into exclusivity contracts with Kindle Unlimited/Audible (monopoly abuse/anticompetitive*
- Advertising items as "on sale" - especially around Prime Day/Black Friday etc after jacking up the price a few weeks in advance
- Items with "free Prime shipping" but the exact same item without Prime is less about the shipping cost
- Stuff like Kindle ebooks shown with a discount price when no other medium exists, it was never sold at the listed "regular price" to begin with, and/or it's only available from Amazon in the first place
👏🏻 We 👏🏻 demand 👏🏻 public 👏🏻 executions 👏🏻
oh I just cant wait for the highest profile minor slap on the wrist of the century!
Yeah don’t worry. They’ll get a small fine and will appeal and drag it out for years
Dont worry guys well give one of the richest men in the world a 100k fine!
Nothing will change until there's jail time for executives.
If America was a serious country they would break up Amazon for this AND arrest Bezos and send him to a random Supermax for corporate blackmail, mass fraud, and unfair competition. But I fear they never were.
New evidence shows Amazon, its vendors, and competing retailers are price fixing, hiking up prices for consumer products and making Amazon richer and richer
So, jail time it is for Jeff Bezos, right?
As far as distractions from the Epstein Files go, this is an exciting one.
I cannot express enough how angry I am that people still use amazon. Major cringe when friends tell me all the shit they buy on there. I used it 10 years ago a couple times, never once since then. Its shit, slave labor, and enriches billionaires. No one forces you to use it.
Yeah, IIRC when a bunch of large corporations got away with doing this in the 1980s and 90s, a lot of us just assumed it would keep happening. Some people have tried raising the alarm about this, but have been shouted down pretty consistently.
Holy shit guys! S-so, if you have a monopoly, it's like, you can do whatever the fuck you want? So it's like in THE FUCKING GAME OF MONOPOLY? Jee, we are learning something new every day
Can openers is what did it for me.
In 2015 I needed a new manual can opener. The local big-box stores had two basic styles. A cheap, all metal one that was just stamped from a single sheet, and a more expensive one with better handles.
The more expensive one had previously rusted and began to look nasty within a few years.
Amazon had a bunch of different styles at less than the price point of the more expensive one.
I bought one. It was fine. I didn’t love the operation. It cut the whole top off from the side, rather than from the top in a downwards cut. The sharp edges were on the can rather than on the lid. It would catch the paper labels and sometimes wad them up into the can while you cut. Cans with no air space would leak when opened.
Anyway. Replaced it in 2019. Amazon still had a broad selection, but all except for obvious crap was as expensive as the local big box store’s expensive option. Wound up going to a smaller local(ish) bulk foods store and bought a cheapo restaurant one for less than Amazon’s/the big box store’s similar offerings. Minimal rusting to date.
I've been telling people to stop supporting amazon for years, but everyone seems to have their reason to keep supporting them. This hopefully will be a good enough reason for people to finally stop shopping on amazon.
I haven't bought anything from amazon in over 12 years. I find everything on the manufacturer's website or eBay. No need to ever use amazon for anything.