Go Back   This Blue Marble, a Global Current Events Discussion Forum > Main Floor > Economy

Economy Economy discussion forum. Discuss the politics and effects of the general economy and global economic collapse here. Please keep all politics out of the Finance and Investment subforum.

Reply
 
Thread Tools Search this Thread Display Modes
Old 07-14-2017, 09:54 AM   #1
A.T. Hagan
Your "Crazy Town" reporter
 
A.T. Hagan's Avatar
 
Join Date: Aug 2008
Location: North/Central Florida
Posts: 13,109
Thanks: 3,099
Thanked 7,558 Times in 3,174 Posts
Default Government talks about Amazon antitrust issues have begun,

say investors who are already betting against the online retailer after its monumental wave of success

Wall Street titan Douglas Kass claims talks have begun in Washington about whether Amazon is in breach of monopoly laws
The online retailer has enjoyed a recent wave of success which pushed its stock price to over $1,000 and brought its most profitable day on record
Its recently-announced acquisition of WholeFoods expands its empire to bricks-and-mortar
There are fears the expansive growth across industries will raise antitrust law alarms
Bezos showed no signs of concern as he enjoyed the Sun Valley Conference for business leaders in Idaho on Thursday


http://www.dailymail.co.uk/news/arti...aws-begun.html
__________________
Chance favors the prepared mind.
A.T. Hagan is offline   Reply With Quote
Old 07-14-2017, 11:49 PM   #2
Ross
Lifetime Level 1
 
Ross's Avatar
 
Join Date: Aug 2008
Location: Melbourne Australia
Posts: 15,152
Thanks: 5,867
Thanked 6,255 Times in 2,818 Posts
Private industry creates an innovative way to deliver better service and
cheaper product ----- government response is ''kill it'' .

..
__________________
All paper is a short position on gold . “Gold is money. Everything else is credit.”

“If we don’t believe in freedom of expression for people we despise, we don’t believe in it at all.” ( Noam Chomsky )

‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche


We are a nation of assimilated immigrants. Immigration without assimilation is invasion.

Last edited by Ross; 07-15-2017 at 12:02 AM.
Ross is offline   Reply With Quote
The Following 2 Users Say Thank You to Ross For This Useful Post:
AndreaCA (07-15-2017), proteus (07-15-2017)
Old 07-15-2017, 06:41 AM   #3
leistb
There's no justice - it's just us
 
leistb's Avatar
 
Join Date: Sep 2008
Posts: 10,655
Thanks: 1,595
Thanked 3,411 Times in 1,469 Posts
Quote:
Originally Posted by Ross View Post
Private industry creates an innovative way to deliver better service and
cheaper product ----- government response is ''kill it'' .

..
Amazon will pay its dues (fine) to the government, much like Microsoft did in its antitrust suit and be on its merry way.

In some ways we compete directly with Amazon -especially with regards to shipping. That's the number one complaint against our company -"why can't you offer 'free' shipping, just like Amazon?" In spite of this competition I still patronize Amazon as do 99% of the people who work for us.

Yes, they're undoubtedly affecting small business and traditional brick and mortar business models but that is also due to consumer demand. Among many different selling strategies for various products and ways to bring a product to market, Amazon offers a one-stop shop from the comfort of your living room and delivery to your door and it's done inexpensively and very efficiently. Why wouldn't they be successful and how do you go about establishing a movement to get people to stop utilizing their service? The toothpaste is out of the tube.

Amazon's lobbying expenditures will ramp until this storm passes.

https://www.opensecrets.org/lobby/cl...3883&year=2016
leistb is offline   Reply With Quote
The Following 3 Users Say Thank You to leistb For This Useful Post:
NowVoyager (07-15-2017), proteus (07-15-2017), Ross (07-15-2017)
Old 07-17-2017, 01:55 PM   #4
Brihard
Non-Electric Pop Up Target
 
Join Date: Aug 2008
Location: Canada
Posts: 4,590
Thanks: 65
Thanked 1,236 Times in 510 Posts
Heres a neat one for you guys. Northern Canada has a huge problem with affordable groceries. I'm talking places where goods either come in once a year by barge, or are flown in. There's some federal subsidy of delivering food, but it only goes so far. Iqaluit, the capital of our Nunavut territory, is still open for Amazon Prime, meaning free shipping. So for example, a bag of 180 diapers available for $70 on store shelves up there can be bought for half of that on Amazon. Non-perishable groceries as well, in a lot of cases. There's a genuine fear from those living in Nunavut (said northern territory) that Iqaluit could soon be cut off from Amazon Prime free shipping. I'm curious what Amazon's overall profit/loss is shipping good to Iqaluit...

http://www.cbc.ca/news/canada/north/...rime-1.4193665
Brihard is offline   Reply With Quote
The Following User Says Thank You to Brihard For This Useful Post:
NowVoyager (07-17-2017)
Reply

Tags
amazon, antitrust, begun, government, issues, talks

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 03:17 AM.


Powered by vBulletin®
Copyright © Jelsoft Enterprises Ltd.