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The fear with monopolies is that they kill off competition, and then are free to raise prices. Amazon has been selling books at a loss for decades, and it has
by stephenr 6y ago
The fear with monopolies is that they kill off competition, and then are free to raise prices.
Amazon has been selling books at a loss for decades, and it has absolutely killed a large chunk of their competition for physical books in the US.
- x43b 6y agoDo you have evidence Amazon sold books at a loss for 20+ years? Buying a book for $10, selling it for $12, then spending $5 on a new warehouse is cash flow negative but not selling at a loss. Amazon isn't even cash flow negative anymore.