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That's diabolically clever. At scale, you can squeeze your merchants for every last penny. Should the DOJ be hearing about stuff like this?
by echelon 2y ago
That's diabolically clever. At scale, you can squeeze your merchants for every last penny.
Should the DOJ be hearing about stuff like this?
- warkdarrior 2y agoHow is this illegal in any way?
- echelon 2y agoAmazon is 40% of online sales in the US, and is probably closer to 100% for some subsets of goods. They effectively have monopoly power and they're using Standard Oil tactics to shake down merchants. They can use COGS to squeeze margins and even decide which merchants and products they can compete with directly. When a trillion dollar company is stepping on ten million small merchants, that's robber barron behavior and calls for DOJ intervention.
- DannyBee 2y agoI think the comment you are responding to means the GP comment, not the story. IE the retailer trying to estimate their supplier's COGS, not Amazon forcing people to just give it to them.
- charles_f 2y agoDoJ would be right if it was illegal, which it probably ain't. (although maybe that's breaking some laws around monopolies, but I doubt it) The right governmental department is likely the FTC instead.