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VOICE ARCHIVE

Stacy Mitchell

@stacyfmitchell
50 posts
2025-02-05
“DeepSeek is the canary in the coal mine.  It's warning us that when there isn't enough competition, our tech industry grows vulnerable to its Chinese rivals, threatening U.S. geopolitical power in the 21st century.”  —  Lina Khan on the dangers of not breaking the market power of the Tech giants:
2025-02-05 View on X
New York Times

Lina Khan says that DeepSeek's breakthroughs highlight that there isn't enough US competition and that foreign startups could surpass Big Tech in AI innovation

When Chinese artificial intelligence firm DeepSeek shocked Silicon Valley and Wall Street with its powerful new A.I. model …

2024-05-24
“By ending these monopoly abuses, the DOJ will open the door to rival ticketing services that respect artists and independent venues and deliver a better experience for fans.” Read @ronmknox's statement on the antitrust lawsuit against Live Nation ⬇️ https://ilsr.org/...
2024-05-24 View on X
CNBC

US DOJ and state AGs sue to break up Ticketmaster parent Live Nation over alleged antitrust violations, following a DOJ probe and Taylor Swift fan complaints

Here's a Detailed Look at the 124-Page Filing Alexander Mallin / ABC News : Justice Department and 30 states seek breakup of Live Nation-Ticketmaster through major antitrust suit B...

2023-12-21
“FTC says Rite Aid technology falsely tagged consumers, particularly women and people of color, as shoplifters; Ban will last five years.” I think Americans would feel a lot better if more agencies, federal and local, got tough on corporate crime, like the FTC is.
2023-12-21 View on X
Bloomberg

Pharmacy chain Rite Aid must stop using facial recognition for five years as part of a settlement with the US FTC, which says the tech falsely flagged customers

2023-11-03
5. Amazon's secret price-raising system, Project Nessie, fleeced at least $1 billion from shoppers. To evade detection, Amazon turned Nessie off when attention to prices was highest, such as during the holiday season. [image]
2023-11-03 View on X
Bloomberg

The FTC says Jeff Bezos ordered Amazon executives to accept more junk ads to boost profits; Amazon used disappearing Signal chats from June 2019 to early 2022

- FTC releases less redacted antitrust complaint against Amazon  — Amazon counters that the FTC is ‘wrong on facts and the law’

5. Amazon's secret price-raising system, Project Nessie, fleeced at least $1 billion from shoppers. To evade detection, Amazon turned Nessie off when attention to prices was highest, such as during the holiday season. [image]
2023-11-03 View on X
TechCrunch

The FTC's lawsuit reveals that Amazon made $1.4B via Project Nessie, an algorithmic scheme that raised product prices and held them there if rivals followed

1. Amazon is in a world of legal hurt — I just read the less-redacted version of the FTC's monopoly lawsuit. Lots of evidence of Amazon execs knowingly screwing consumers & killing competition, aware of their own wrong-doing. A few highlights. First, destroying evidence. [image]
2023-11-03 View on X
Bloomberg

The FTC says Jeff Bezos ordered Amazon executives to accept more junk ads to boost profits; Amazon used disappearing Signal chats from June 2019 to early 2022

- FTC releases less redacted antitrust complaint against Amazon  — Amazon counters that the FTC is ‘wrong on facts and the law’

2023-10-04
1. “Amazon Used Secret ‘Project Nessie’ Algorithm to Raise Prices” A few highlights from this damning story... https://www.wsj.com/...
2023-10-04 View on X
Wall Street Journal

The FTC's lawsuit against Amazon details a company algorithm that raised product prices and held them there if rivals followed, allegedly showing consumer harm

2023-06-22
The FTC has sued Amazon for using illegal tactics to block consumers from cancelling Prime. This is significant in 3 big ways. 1/ https://www.ftc.gov/...
2023-06-22 View on X
CNBC

The US FTC files a lawsuit alleging Amazon used “dark patterns” to steer customers to enroll in Prime without consent and “sabotaged” their attempts to cancel

2022-09-15
8/8. Here's the filing itself. Lots of damning quotes and data from independent sellers. (It also cites the findings of ILSR's 2021 report, Amazon's Toll Road.) https://oag.ca.gov/...
2022-09-15 View on X
New York Times

California's AG files an antitrust lawsuit against Amazon, focusing on the company allegedly penalizing sellers who list products at lower prices on other sites

inflating prices across the web isn't exactly customer-obsessed. https://twitter.com/... Stacy Mitchell / @stacyfmitchell : 8/8. Here's the filing itself. Lots of damning quotes an...

This suit is a pretty major reputation hit for Amazon — inflating prices across the web isn't exactly customer-obsessed. https://twitter.com/...
2022-09-15 View on X
New York Times

California's AG files an antitrust lawsuit against Amazon, focusing on the company allegedly penalizing sellers who list products at lower prices on other sites

inflating prices across the web isn't exactly customer-obsessed. https://twitter.com/... Stacy Mitchell / @stacyfmitchell : 8/8. Here's the filing itself. Lots of damning quotes an...

3. Amazon claims to have ended this “most favored nation” policy (i.e., don't you dare sell for less elsewhere) in 2019, but in fact it just obscured its functioning.
2022-09-15 View on X
New York Times

California's AG files an antitrust lawsuit against Amazon, focusing on the company allegedly penalizing sellers who list products at lower prices on other sites

inflating prices across the web isn't exactly customer-obsessed. https://twitter.com/... Stacy Mitchell / @stacyfmitchell : 8/8. Here's the filing itself. Lots of damning quotes an...

2022-08-07
No to this. Amazon has initiated another alarming acquisition — iRobot, maker of the Roomba. This is part of a strategy to control the infrastructure of the smart home and gather up a ton of data about our houses and how we live in them. https://press.aboutamazon.com/ ...
2022-08-07 View on X
@ronmknox

[Thread] Via iRobot, Amazon, one of the most powerful data collection companies on earth, will get another vast and intrusive set of data about people's homes

1. Hello. Amazon today announced it would pay $1.7 billion to acquire iRobot, the company behind the Roomba robotic vacuum. It may be the most dangerous, threatening acquisition in...

2022-08-06
It's really unfortunate that Congress didn't pass the bill in the Big Tech package that banned acquisitions. There's no reason Amazon should get to buy anything. The agencies should block this deal, but if lawmakers did their job, the FTC wouldn't have to spend the resources.
2022-08-06 View on X
TechCrunch

Amazon plans to acquire Roomba maker iRobot in a $1.7B all-cash deal; Colin Angle will remain as iRobot's CEO

Everyone's Favorite Robot Cleaning Company Financial Times : Amazon acquires Roomba maker iRobot for $1.7bn Jon Fingas / Engadget : Amazon is buying iRobot, the creator of the Room...

No to this. Amazon has initiated another alarming acquisition — iRobot, maker of the Roomba. This is part of a strategy to control the infrastructure of the smart home and gather up a ton of data about our houses and how we live in them. https://press.aboutamazon.com/ ...
2022-08-06 View on X
TechCrunch

Amazon plans to acquire Roomba maker iRobot in a $1.7B all-cash deal; Colin Angle will remain as iRobot's CEO

Everyone's Favorite Robot Cleaning Company Financial Times : Amazon acquires Roomba maker iRobot for $1.7bn Jon Fingas / Engadget : Amazon is buying iRobot, the creator of the Room...

2022-08-05
No to this. Amazon has initiated another alarming acquisition — iRobot, maker of the Roomba. This is part of a strategy to control the infrastructure of the smart home and gather up a ton of data about our houses and how we live in them. https://press.aboutamazon.com/ ...
2022-08-05 View on X
TechCrunch

Amazon plans to acquire Roomba maker iRobot for $1.7B in an all-cash deal; Colin Angle will remain as iRobot CEO

Amazon this morning announced plans to acquire Roomba maker iRobot for an all-cash deal valued at $1.7 billion.  —  “Since we started iRobot, our team has been on a mission …

It's really unfortunate that Congress didn't pass the bill in the Big Tech package that banned acquisitions. There's no reason Amazon should get to buy anything. The agencies should block this deal, but if lawmakers did their job, the FTC wouldn't have to spend the resources.
2022-08-05 View on X
TechCrunch

Amazon plans to acquire Roomba maker iRobot for $1.7B in an all-cash deal; Colin Angle will remain as iRobot CEO

Amazon this morning announced plans to acquire Roomba maker iRobot for an all-cash deal valued at $1.7 billion.  —  “Since we started iRobot, our team has been on a mission …

2022-07-22
Antitrust enforcers should block this deal. For one, it would give Amazon access to a cache of intimate data that would entrench its dominance. Second, it would allow Amazon to gain structural power in yet another major sector. This is why we have anti-monopoly laws.1/ https://twitter.com/...
2022-07-22 View on X
TechCrunch

Amazon plans to acquire primary health care provider One Medical, which offers in-person, digital, and virtual services, for about $3.9B in an all-cash deal

Amazon is buying One Medical, the so-called “Netflix of primary care,” for $3.9 billion. Ashley Belanger / Ars Technica : Amazon might own your doctor's office after latest acquisi...

2022-02-04
3. Much of this growth in fees has been from “advertising.” Sellers used to rely on good ratings to land their products on the first page. Now they have to buy ads. In 2021, on top of $46 billion in referral fees, Amazon levied $17 billion in ad fees on sellers.
2022-02-04 View on X
Amazon

Amazon reports Q4 revenue up 9% YoY to $137.4B, net income up 98% to $14.3B, AWS revenue up 40% to $17.8B, and FY 2021 revenue up 22% to $469.8B; stock up 10%+

SEATTLE—(BUSINESS WIRE) February 3, 2022—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2021.

2. Amazon is a gatekeeper to the online market, and it makes money by imposing steep and growing fees on businesses that want and need to reach that market.
2022-02-04 View on X
Amazon

Amazon reports Q4 revenue up 9% YoY to $137.4B, net income up 98% to $14.3B, AWS revenue up 40% to $17.8B, and FY 2021 revenue up 22% to $469.8B; stock up 10%+

SEATTLE—(BUSINESS WIRE) February 3, 2022—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2021.

2. Amazon is a gatekeeper to the online market, and it makes money by imposing steep and growing fees on businesses that want and need to reach that market.
2022-02-04 View on X
CNBC

Amazon breaks out advertising services revenue for the first time: $9.7B for Q4, up 32% YoY, and $31.2B for FY 2021; subscription services grew 15% to $8.1B

arguably a coop fee/tax on 3rd party merchants who sell on Amazon — accounted for a third of all revenue. And by itself ads is a $30B/yr business $amzn https://twitter.com/... Matt...