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Amazon Demands One More Thing from Some Vendors: A Piece of Their Company

72 points by lunchbreak 5y ago

SQueeeeeL 5y ago
This is low-key awesome! Like, we've allowed one company to become so powerful that they can straightup demand a portion of yourself in order to do business with them!!! Hopefully the US soon allows corporations to be congressmen and senators to ensure complete dominance on all aspects of regulation and other threats to profitability!
- WFHRenaissance 5y ago
  ++
- WFHRenaissance 5y ago
  I think we should begin thinking about not only "unpaid" internships (if there was no value, no one would do them), but also "admission costs" for internships. If you want that little FAANG blurb on your resume, you gotta cough it up. The lifetime value of that internship probably exceeds a million but a solid 5k sounds good to me.
  - mrosett 5y ago
    You realize that FAANG internships pay very well, right?
    - bpiche 5y ago
      I think the parent dropped this /s But it was pretty clear to me
NicoJuicy 5y ago
This is what monopoly abuse looks like
wolfretcrap 5y ago
This development came from amazon India as government came up with a law to prevent e-commerce platforms from selling on their own platform. So amazon started by selling off the equity on largest amazon sellers which were amazon companies to wealthy people in India.
- wolfretcrap 5y ago
  Now same is happening in US. Not sure why I am being downvotes.
gentleman11 5y ago
There is a proposed law right now in the USA to disallow platform owner to own companies that use it platform. There was hn story earlier in the week. Couldn’t find link, pardon
- meepmorp 5y ago
  > There is a proposed law right now in the USA to disallow platform owner to own companies that use it platform Is a company disallowed from using its own platform, or merely having a subsidiary do so?
vanattab 5y ago
Is there such a thing as insider trading for a company? Let's say for example that getting a contract with Amazon is likely to increase the stock value of company X. If a employee from X told me they were nearing/secured a deal with Amazon and I bought the stock before a public announcement from X I am guilty of insider trading no? Is bundling a sell of stock like this not similar?
- coachtrotz 5y ago
  Everything is insider trading. Everything is Securities Fraud. https://www.google.com/search?q=matt+levine+everything+is+insider+trading https://www.google.com/search?q=matt+levine+everything+is+in...
coolgeek 5y ago
https://archive.is/s8Iyk https://archive.is/s8Iyk

72 points by lunchbreak 5y ago

This is low-key awesome! Like, we've allowed one company to become so powerful that they can straightup demand a portion of yourself in order to do business with them!!! Hopefully the US soon allows corporations to be congressmen and senators to ensure complete dominance on all aspects of regulation and other threats to profitability!

WFHRenaissance 5y ago
++
WFHRenaissance 5y ago
I think we should begin thinking about not only "unpaid" internships (if there was no value, no one would do them), but also "admission costs" for internships. If you want that little FAANG blurb on your resume, you gotta cough it up. The lifetime value of that internship probably exceeds a million but a solid 5k sounds good to me.
- mrosett 5y ago
  You realize that FAANG internships pay very well, right?
  - bpiche 5y ago
    I think the parent dropped this /s But it was pretty clear to me

NicoJuicy 5y ago

This is what monopoly abuse looks like

wolfretcrap 5y ago

This development came from amazon India as government came up with a law to prevent e-commerce platforms from selling on their own platform. So amazon started by selling off the equity on largest amazon sellers which were amazon companies to wealthy people in India.

wolfretcrap 5y ago
Now same is happening in US. Not sure why I am being downvotes.

gentleman11 5y ago

There is a proposed law right now in the USA to disallow platform owner to own companies that use it platform. There was hn story earlier in the week. Couldn’t find link, pardon

meepmorp 5y ago
> There is a proposed law right now in the USA to disallow platform owner to own companies that use it platform Is a company disallowed from using its own platform, or merely having a subsidiary do so?

vanattab 5y ago

Is there such a thing as insider trading for a company? Let's say for example that getting a contract with Amazon is likely to increase the stock value of company X. If a employee from X told me they were nearing/secured a deal with Amazon and I bought the stock before a public announcement from X I am guilty of insider trading no? Is bundling a sell of stock like this not similar?

coachtrotz 5y ago
Everything is insider trading. Everything is Securities Fraud. https://www.google.com/search?q=matt+levine+everything+is+insider+trading https://www.google.com/search?q=matt+levine+everything+is+in...

coolgeek 5y ago

https://archive.is/s8Iyk https://archive.is/s8Iyk