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Is yet another company getting hoovered up by Amazon better for society than it going out of business? Honestly I don't know that's as obvious as you're making
by tomtheelder 3y ago
Is yet another company getting hoovered up by Amazon better for society than it going out of business? Honestly I don't know that's as obvious as you're making it sound. Hyper consolidation is arguably the biggest economic issue facing developed economies right now.
IMO there's no valid reason to allow a company the size of Amazon to make acquisitions, and instead the conversation should be about urgently trying to break Amazon up.
- _ea1k 3y agoYes. It isn't just any company, it is basically the last of its kind based in the US. This is a direct benefit to Chinese competitors in the space and a direct detriment to American workers. The effect in Amazon is marginal at best. TBH, it looks like the worst possible outcome.