Amazon faces potential break-up as FTC finalizes antitrust lawsuit | The FTC is getting ready for the big one::undefined
I will believe it when I see it.
Yeah remember when they were going to break up Microsoft? That went great.
Yeah, there the FTC was with a clear market that Microsoft would have a monopoly over should the merger go through. They had Microsoft on the ropes, but, before they could finish them, Microsoft pinky promised prices wouldn’t go up. And that was that, no threat of a monopoly and the merger could go through.
… the current antitrust ruling guidelines make enforcement basically impossible.
It was more that George w Bush was elected. And cracking down on monopolies is against the code of fascists. Ideally they want to be in charge of all the monopolies. So he more or less called off the suit just as they were about to close in on Microsoft.
I meant the Microsoft Activision Blizzard fiasco, I guess I didn’t realize.
Oh yes that too. Microsoft is always been bad though. Always will be always has been.
Hell, I won’t believe it even when I’ll see it. Likely some loophole will be found to dodge this in one way or another.
Not to be pedantic, but isn’t that the same as “I’ll believe it when I see it”? You’re just saying it won’t happen
I think they’re saying even if this goes through amazon will find a way to ignore it
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Damn this thread is negative as hell.
I’m one of the most cynical, pessimistic people I know, but not in here.
Kinda wish people’s first reaction were “good,” not “yeah right, remember Bell in the 80’s?”
Maybe I’m naive, but this seems like good news to me. Even if it doesn’t actually result in Amazon being broken up, at least it indicates someone is doing something.
“Don’t let perfection be the enemy of progress” or something like that.
Astroturfing. Amazon has PR teams that come here and sow seeds of “pff it doesn’t even matter” in order to make people cynical and complacent.
I highly doubt that. Regular people have no real ability to effect the outcome, and the majority of people are saying “there’s no way this absolutely bullshit situation gets fixed” not “what is there to fix? Nothing is wrong!”
No company is paying their PR to say “Yeah [we] are real pieces of shit that need to be hacked up and thrown to the wind but [we] are gonna come out of this just fine so suck our cocks.”
That isn’t how PR works. At least not till they hit dictator levels of power.
PR people aren’t stupid. They know how to muddy the water and make efforts like this seem unimportant because it prevents people from galvanizing. Its the divide and conquer strategy.
I think what people are tired of and endlessly pessimistic about is the baby steps of doing something never seems to end. It never gets to the other side of helping the people. People need to see the end goal of where the baby steps are trying to lead us AND see that the likes of Amazon are not able to move faster than those baby steps to nullify the steps.
A lot of the terminally online have been alive long enough to live through multiple examples of how theses kinds of things tend to work. And thus have to ask themselves “why will this time end any different?” Have to do that enough times and it makes you a jaded cynic.
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I have 3 children and not only don’t feel regret, I’m quite optimistic. Perpetually-online Doomers are the only ones feeling that way.
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“how dare you be optimistic!” Lol
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Im smarter, more successful, more wealthy, and more involved in climate lobbying than you, so I know I win.
Edit: And more attractive. Oh and my Warhammer 40,000 collection is bigger than yours. Oh and I dont mean to brag but my daughter graduates with honors and got a scholarship to college. Also my wife is a smokeshow with a big ol ass.
Edit: Oh also I have good hair.
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It’s “Don’t let the perfect be the enemy of the good”
This is funny, because I literally said “good!” when I read the post title. So I’m right there with you.
Any move in the right direction is good, even if it doesn’t prove to be enough on it’s own.
Even if it doesn’t actually result in Amazon being broken up, at least it indicates someone is doing something.
Aren’t they just deciding whether or not to do something via the lawsuit rather than actually for sure doing something yet? ~Strawberry
Absolutely. we need a lot more of this too.
Absolutely straight, we need a lot more of this too.
Who in the fuck do they think they’re fooling? There hasn’t been any sort of large corporate antitrust breakup since Bell Systems in the early 80s. They expect us to believe that after 40 years of inaction, suddenly they’re going to do their jobs again? This is nothing but pandering to pad approval ratings. I would love to be wrong, but I’m not getting my hopes up.
Dude, the 80s wasn’t 40 years ago…
Damn I got old…
The FTC has actually been crazy busy this administration - https://www.ftc.gov/news-events/news/press-releases - they’re really doing far more than at any other point in my lifetime.
I fully support the FTC burning it all down, but then I read this paragraph, and it did not give me confidence: “The FTC has had Amazon in its sights this year. The company recently agreed to a $5.8 million settlement with the Commission over Ring privacy violations that included employees spying on customers. And in June, the FTC sued Amazon over “deceptive” Prime subscription tactics.”
5.8 million is probably Jeff Bezos’s weekly cheese budget. It’s loose change in his car seat.
I fully support the FTC burning it all down
Lol sayin the quiet part out loud
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So perhaps they’ll fart in Amazon’s general direction?
The FTC is getting ready for the big one
Sounds like it lol
I’ll believe it when I see it. I work with (not for) Amazon every day at my job and they are miserable e-commerce partners. One change in a code that suddenly and wrongly flags your entire international product offerings and pulls them? Good luck begging the teams of bots to “help” you.
With Amazon you don’t even have the power to handle your own legitimate brand’s data management – changes to our listings go through maybe 20% of the time-- but somehow ASIN hijackers can make wild and dangerous changes to them with little issue. Not only that, but Amazon buttfucks you with fees on top of fees, like FBA fees we pay to entrust them to handle our products and returns well, but are wasted as our products are often stolen, broken, or return scammed.
If you can help it and you like not crying in the bathroom at work, avoid Amazon.
Easily one of the worst places I’ve ever worked for, and I wasn’t even in a warehouse. Highest turnover I’ve ever seen. The reports about the company culture are no joke!
Doubt. If it somehow works out, do Google next
Great news! I hope it happens but I won’t be holding my breath. The US has gotten really bad about this kind of action over the past 20 years.
While I am with you on the frustration, I think it’s important to understand why we got to this point. A ton of those anti-trust rules and laws were written a century ago and were around steel, oil and rail. Industries that provided physical good and services to the country. Tech has been able to skirt all of this as the rules were never written for them. Hopefully we see updates to our anti-trust rules and update accordingly. I’d love to take down Amazon, but I also want to prevent others from getting that big ever again.
Closer to 40 years, sorry to say.
Lol. What a crock of shit. If anyone thinks the oligarchs that run this country will allow this to happen you’re smoking rocks.
This country leads the world in corruption & greed. Nothing will change that but this is great click bait.
Read similar news about meta , google and even microsoft ! Now it feels like a hogwash !
Remember when FTC threw hands with MSFT…like literally last week? Yeah.
If this does happen, I hope they find a way to do it that doesn’t make Bezos and the like richer, like what happened with Standard Oil years ago.
The FTC hasn’t had a spine in decades, I doubt anything will come of this. It would be nice for once if the government actually gave a shit about monopoly busting, but they don’t care anymore. Not when corporations are legally allowed to bribe the ones making legislation, oh and also companies can be people now
The FTC has had a spine since 2020, they have been really busy - https://www.ftc.gov/news-events/news/press-releases
Great, instead of one overvalued company, Jeff Bezos will own majority stakes in multiple overvalued companies.
Yeah I see no way this happens, if they wouldn’t involve themselves in Microsoft being a monopoly /anticompetitive they sure as hell ain’t going to combat Amazon
They will settle for increased regulation, knowing their army of lawyers will be able to manage it all while the little guy will get snowed under.
So we’ll see even more small businesses fail while Amazon will continue to grow because the gov’t was lobbied into killing the competition.
How exactly does helping small businesses access a worldwide market they otherwise would never get access to cause small businesses to “fail?”
This wouldn’t be about small businesses accessing Amazon’s market - although the original point was that Amazon is becoming a monopoly and is taking advantage of that position with ridiculously high fees and commissions. This will be new regulations created and forced on every business (or ones that grow to a certain size).
Amazon will say, “don’t break the company up, we welcome increased regulations to keep us honest” acting like that is a good compromise that solves the problem.
The intent of the regs will be to stop Amazon from gaining an even bigger monopoly, but the affect will actually be smaller businesses will not be able to manage the increased red tape and change of laws (whereas Amazon has an army of lawyers to find loopholes, and waste time in the courts and not change a thing).
This will stop small business growth and eliminate Amazon’s competition, further cementing the monopoly.
Yeah I’m all about regs, but the idea Amazon somehow stifles small business is shaky at best
