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You described a perfect market scenario, where all players start on common ground and compete between them. Now imagine you have access to all the data from you
by totallywrong 3y ago
You described a perfect market scenario, where all players start on common ground and compete between them. Now imagine you have access to all the data from your competitors. Sales numbers, A/B testing on images and descriptions, keywords, etc. It might be good for customers, but it sure isn't ethical and I personally see it as being monopolistic in a way, as in "I'm copying you with your data and you know it, but can't leave my platform because there's no real alternative".
- AnthonyMouse 3y agoYou don't have all the data from your competitors. You only have the data from your own system. And every retailer has the data from their own system. And the data has diminishing returns with scale. And some of the retailers will sell it to anyone who pays. Moreover, what should businesses use to determine whether to enter a market or how to price their offerings? A dart board doesn't make for an efficient market. It sounds like you're objecting to someone other than the incumbents having access to the threshold amount of data needed to know whether it's worth entering their market. If the existing competitors were already charging thin margins in a highly competitive market then Amazon could look at the data all they want but their conclusion would be that it makes no sense to enter that market. When that isn't the case, the "victims" of this practice are some other abusive conglomerates with sour grapes.