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I was surprised at how quickly this was approved by the FTC. I think they should be more active in preventing corporate consolidation.
by TearsInTheRain 9y ago
I was surprised at how quickly this was approved by the FTC. I think they should be more active in preventing corporate consolidation.
- positr0n 9y agoWhat would be their basis for preventing the sale when Amazon controls 0.19% of the U.S grocery market and Whole Foods controls 1.21%?
- TulliusCicero 9y agoThis, and also anti-monopoly enforcement is usually oriented around prevention of consumer harm. Amazon has done little in the way of harming consumers in their business; quite the opposite, actually, Amazon has been pretty freaking great for consumers.
- TearsInTheRain 9y agoAmazon accounts for 43% of all online sales last year. They have a market cap 10x the largest than kroger's and costco. You would have to be incredibly naive to think they arent going to easily go scorched earth and put dozens of companies out of business. That sounds pretty anti-competitive to me.