Originally Posted by
senecacaptain
no, they just previously completely dominated one industry, which resulted in no choices for the consumer, the foundation of antitrust law.
everything sold on Amazon can also be purchased locally, at many stores. You may have to get into your car and spend all weekend searching for it, but that is your choice.
true the slight difference is that when amazon goes into a new market they do it with the intent to dominate. Bezos has said before “their profit margins are our chance to to come in lower”. Not an exact quote but you can get the point. Amazon makes most of its money from AWS so al the marketplace, shipping, etc can be done at almost break even cost. Yeah that may not always be the desire but it can be done and they still stay in business and making money whereas a business that only serves one market can’t. Take Walmart. People used to hate Walmart for putting other businesses out of business. Look how many amazon has run under and people still love them.....and they probably will until they get so big they’re the only choice and their prices go up. I don’t know if any other company that’s come in and tried to take over just about every market they can get into except amazon