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The idea that Bezos' specialty is taking government subsidies and not ecommerce is hogwash..
by hampowder 11mo ago
The idea that Bezos' specialty is taking government subsidies and not ecommerce is hogwash..
- josefritzishere 11mo agoApparently 4.7 billion worth. https://www.vice.com/en/article/amazon-has-received-at-least-dollar47-billion-in-subsidies-globally-watchdog-says/ https://www.vice.com/en/article/amazon-has-received-at-least...
- rchaud 11mo agoEcommerce itself involved exploiting government regulations around sales taxes. Amazon didn't charge sales tax for over a decade because it had no physical location outside of WA. That alone gave it a massive price advantage over every other retailer. When the laws finally caught up, many competitors had already closed down, the biggest of them being Circuit City and Borders.