Yes, Amazon is convenient, but is it just too damn powerful?
Amazon is arguably the most feared name in all of consumer business at the moment.
The online shopping juggernaut is smothering retail chains, spooking supermarkets, and steamrolling into probably half a dozen other sectors on the side. And its forward momentum shows no signs of slowing.
That unnerving power has led some Washington lawmakers to wonder how this so-called "everything store" jibes with laws designed to keep any one corporation from gaining too much market power and ensure fair competition between businesses.
Douglas Kass, an influential hedge fund manager, claims that politicians on Capitol Hill have begun to explore possible antitrust cases against the company. Read more...
More about Amazon, Jeff Bezos, Donald Trump, Antitrust, and Business
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Yes, Amazon is convenient, but is it just too damn powerful?
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Friday, July 14, 2017
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