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RE Amazon: I think it is problematic that they are now one of the biggest marketplaces, as well as being a trader. Put simply this allows them to watch other pe
by jimnotgym 9y ago
RE Amazon: I think it is problematic that they are now one of the biggest marketplaces, as well as being a trader. Put simply this allows them to watch other peoples sales, and if they look pretty good on a certain product, undercut them. This could be solved by divesting, hiding the transactions nature from Amazon, or more radically, having the data in the open so everyone can use it
Re Apple: Technology comes and goes, but the iphone was a good one. The troubling thing for me is the amount of cash they are hording. If this is intended to underwrite Applepay as a new bank, then firstly they must allow open access to all technology platforms to use Applepay. You can't have a new dollar that works better at Walmart than Tesco.
Re Google and Facebook: These companies are advertisers. I have no problem with their size or structure at present. I do have a problem with using their easy cross border presence to avoid taxation. You cannot have the biggest revenue generators for advertising paying no tax, when everyone else has to. In the UK Google is headquartered in Ireland so the UK receives no tax from the billions of revenue. This is unsustainable for the country.
My real problems with Google and Facebook is they regard everything about us as their to do what they want with.