FTC Chair on Amazon Lawsuit, Restoring Competition
HTML-код
- Опубликовано: 25 сен 2023
- Federal Trade Commission Chair Lina Khan says the antitrust case filed against Amazon is about the unlawful tactics the retailer used to "maintain its monopolies." Khan says Amazon has punished any seller or retailer that "dares to discount." Amazon says it will defend itself against the lawsuit, and that what the FTC seeks will lead to higher prices and hurt businesses that rely on Amazon to get their goods to shoppers. Khan speaks to Bloomberg's Peggy Collins in Washington.
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: www.bloomberg.com
Connect with us on...
Twitter: / business
Facebook: / bloombergbusiness
Instagram: quicktake?...
Here's how I work guys:
I introduce something that, for once, _seems_ like an improvement to my crapstain of a website, like in-garage key delivery. I give it a couple of years so that all of my customers get used to this neat feature, then BAM, I tell them that in order to keep receiving the aforementioned feature they will have to accept my worthless "Amazon Day Delivery", even though it has ZERO benefit to the customer AT ALL, but immensely helps ME save on shipping costs.
Our new motto: Amazon, we're a piece of sh*t. (Actually this has always been our motto.)
To decouple from China 🇨🇳, the FTC must have a law mandating online stores like Amazon to list the *origin of the items* they are selling.
This helps quality conscious consumers make good choices.
Is it not a bad idea but almost nothing is manufactured here.
Maybe AMZ should mail out the book "30 Days to Stop Being a Shopaholic" by Harper Daniels to every member haha.
Why does she keep going for big tech companies. She is desperate for a dub. Now she’s going back at Microsoft again. How the hell is she still in charge
She goes after the largest and most relevant industries because they are most capable (and likely) to commit oligarchical and monopolistic actions that harm the consumer, country, and our int’l brand. Like, she’s doing her job, bro. Not sorry not sorry you’re mad about it 🤷
@@katysmith5506 the only thing I can be mad about is she’s wasting tax payers money on a deal she can’t win. How is Microsoft harming consumers. If the FTC can’t come up with a reasonable answer I doubt you can
@@katysmith5506lol your defending someone 0-4 must like loser records
That’s my biggest concern is money being used for these suits. It’s a machine. They need to sue to gain money it gets split between multiple parties. Typically minority to ftc the ftc is in charge of reaching the masses (us) via ads lets say. To then pay out people who are affected negatively due to these corporations practices. But I don’t think anyone is saying Amazon is hurting them while being consumers/customers of Amazon. I hate Amazon for personal reasons but almost everyone I speak to loves them. Not going to lie the prices are great. So yeah Amazon might threaten other corporations like let’s say Walmart. But in large part it’s already pushed retailers to offer more flexible return policies. So what’s actually going on here?
I only shop at Amazon because of their 2 day shipping and hassle free 30 day returns. Taking those two things away from Amazon, Target, Walmart, etc. is how you level the playing field.
Lets hurt the consumer to level the playing field? I thought we wanted competition so that the consumer benefits?
You're missing the point of this lawsuit. This isn't about handicapping Amazon's scale for the sake of equality. That sounds like something out of Harrison Bergeron.
This is about stopping alleged malpractice. Offering good services is not immoral. But stifling independent businesses for trying to offer better services? THAT is intentionally harmful to consumer welfare, and THAT is immoral.
Backwards bub
Another pointless lawsuit with tax payers money. Suing for the sake of suing with no clear path to win is stupid. Everyone knows by now that her and her office are impotent and sue on feelings rather than the law.
I think the best chance the FTC has of winning is going with the "vertical integration" route, but even those chances are slim. I want to see more evidence of these alleged malpractices before making up my mind.
@@youtubeviolatedme7123 the biggest problem with her argument is that she’s acting like sellers don’t have similar options - eBay, Shopify, Walmart marketplace etc. Seller had a choice and they chose Amazon because they built a better mousetrap.
@@PrinceOfHavendale Exactly why I want to see what evidence they have. Maybe they have some classified research on why using those other platforms is unprofitable, I don't know. I just have a hard time believing that the FTC could be so shamelessly chasing frivolous lawsuits without some sort of hope they would win.
@@PrinceOfHavendale That might have been true at one point...but when Amazon reaches the point where they control 70+% of the online marketplace, it doesn't really leave sellers with many options.
@@WoobaOne what is the role of the ftc? If consumers are given a choice and they still use Amazon it’s not Amazon’s duty to their degrade services to allow competitors to catch up. Amazon’s share of e-commerce is under 40%, to put that in perspective, McDonald’s controls over 40% of the fast food market. Do we need to remove french fries from McDonald’s so Burger King can better compete? And is that the role of the ftc?
Wow she's fearless!
❤️❤️❤️❤️❤️❤️
The federal government can’t manage there 30+ trillion dollar debt and now they want to manage an efficient company who offers low prices
This chick will never learn!
Radical chic always embarrasses herself. A waste of space
Wow,TO GREAT,ALL YOU SUE ITS BIG TECH COMPANY,😂MAKES SURE NOW YOU ITS FIRE OUT
Because you dont have money to GIVE UKRAINE money,
I am FEDERAL GOVERNMENT FIRE THAT WOMEN,AMEZON ITS OWN BY FEDERAL GOVERNMENT,😂😂😂😂😂😂😂😂
I get why this lawsuit might be valid , sometimes when companies get big like Amazon has they forget where they came from.
Calling that as antitrust is a joke. Which law prevents a seller to leave? Or at least selling other stuffs thar Amazon would not troll the price lower ? Why you're so inclined on an arbitrary joke like silly woke not getting her woke toy?
"Forgetting where you came from" is not a good reason to be sued and robbed of your hard earned work. Antitrust law needs to be repealed, it serves the less efficient competition and always harms the consumer.
That easy to say unless you have a business you have worked hard for sense the 90's and the govt wants to attack just cause you are successful..and do better than your peers at ecommerce. Not to mention the longer Amazon has its business the more it will be copied so they have to do as much as they need to to stay on top. I don't think people get that part. You stay on top because you keep evolving. If they didn't they'd be swallowed up by their competition. The people behind this lawsuit don't understand business and competition that's all.
@@dmoalem1 Remember the oil crisis in the 70s? That happened because the Middle East had (and still has) a large marketshare on oil production, and they got pissed at the United States because of some stupid international politics, and they decided to reduce exports because they could. So the US had to scramble to other sources to get oil, but those other sources were more expensive and that led to jacking up oil prices. This was only possible because there is nothing to stop the Middle East from dominating the globe through oil exports.
Like the Middle East, we have no guarantee that Amazon will always do good, and when you say "antitrust law needs to be repealed" that means if Amazon one day decides to participate in malpractice, the only response we have is to boycott Amazon. But are we the people prepared to boycott Amazon?
Just typical woke response.. at best.. Boomer??
is this a joke? this company saved the country during the pandemic. i hate low prices, wide selection, and stuff delivered to my doorstep the same/next day...said no one ever....
What if the prices could be even lower? What if the selection could be even wider? That's what the FTC is suggesting. They don't want to stop Amazon at the cost of consumers. What they're saying is that Amazon isn't doing ENOUGH for consumer welfare.
youtubeviolatedme7123
Wrong. Amazon is the broker NOT just a selling operator!! Sure FTC can demand Southwest for strings of canceled flight. But THAT IS VERY DIFFERENT CASE. This chic wrote a paper during Yale semesters, perhaps still broke and unhappy and she said she brought up that colleague obsession 😂
@@ssuwandi3240
If you're implying that businesses don't need to use Amazon's services to be profitable, and therefore their actions are not predatory, then I agree with you on that. I've also been very unimpressed by Lina Khan's paper (a bunch of fear-mongering to me).
I'm not even convinced that the FTC's allegations which I outlined in my original comment is true. However, I simply represented them as charitably as possible so that the individual I was responding to understands that the FTC is not run by mustache twirling villains trying to harm consumers, rather they are being ran by idiots who probably don't have actual evidence to back up their claims: or else they would have probably made that evidence public by now.
@@youtubeviolatedme7123Yes but will the deliveries be faster?