Via Prime, Fulfillment by Amazon, and its Buy Box algorithm, Amazon forces third party Marketplace sellers to keep prices high for consumers across the web
A new antitrust case shows that Prime inflates prices across the board, using the false promise of ‘free shipping’ that is anything but free.
BIG Matt Stoller
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Discussion
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@matthewstoller
Matt Stoller
on x
Amazon Prime is a money laundering scheme to disguise economy-wide price gouging. https://mattstoller.substack.com/ ... https://twitter.com/...
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@matthewstoller
Matt Stoller
on x
Any time you hear the word ‘flywheel’ relating to Amazon, replace it with ‘monopoly’ and the sentence will make sense. https://mattstoller.substack.com/ ...
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@hkanji
Hussein Kanji
on x
A new antitrust case shows that Prime inflates prices across the board, using the false promise of ‘free shipping’ that is anything but free. https://mattstoller.substack.com/ ...
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@moiragweigel
Moira Weigel
on x
Also, Prime is subsidized by fees paid by third party sellers, which are notoriously inscrutable and liable to go up. Although antitrust discourse rarely centers them these Sellers are also consumers of Amazon's services and arguably more dependent on the company than anyone. htt…
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@shahidforchange
Shahid Buttar
on x
“It's a fascinating moment in the fight over big tech.... DC Attorney General Karl Racine alleged that Amazon was using its power to manipulate online retail prices....that Amazon isn't just crushing competitors, but *raising* consumer prices in the process.” — @matthewstoller ht…
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@matthewstoller
Matt Stoller
on x
What we learned with the Amazon antitrust suit is simple. Amazon Prime Is an Economy-Distorting Lie. https://mattstoller.substack.com/ ...
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@jonastics
Jonas Andersson Schwarz
on x
Amazon... Prime example of monopoly power in the 21st century. Lawmakers are now beginning to catch a glimpse of its horrendous price-distorting arrangement. Some might be too ignorant to see it, but in the long run consumers are losing out! https://mattstoller.substack.com/ ...
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@acrossthecurve
@acrossthecurve
on x
Very interesting article on Amazon Prime as a vehicle to subsidize Amazon's on line monopoly. Author thinks decent chance of success https://mattstoller.substack.com/ ...
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@jamessurowiecki
James Surowiecki
on x
This entire argument only makes sense if you think third-party sellers are the economy. Amazon has no power to “force” Walmart, and Target, and CVS, etc., to charge higher prices. If they were actually “price gouging,” they'd be immediately undercut. https://twitter.com/...
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@can
@can
on x
You don't have to agree with @matthewstoller to learn something interesting from practically each one of his pieces and this one is a good one https://mattstoller.substack.com/ ...
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@matthewstoller
Matt Stoller
on x
If antitrust enforcers stop Amazon's high price Prime scheme, all the weird ‘free’ stuff the firm pays for and secret sticks on the bill of Prime members - like the MGM acquisition - no longer makes sense. The economics everywhere change. https://mattstoller.substack.com/ ...
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@stevesi
Steven Sinofsky
on x
Amazon Prime Is an Economy-Distorting Lie https://mattstoller.substack.com/ ... // Narrator: in retail it is common for one channel to only take on (sell) and promote a product with guarantees from a supplier it won't be offered for less elsewhere. 100 years of retailing people s…