Amazon BUSTED for Widespread Scheme to Inflate Prices Across the Economy— Amazon, its vendors, and competing retailers are price fixing, hiking up prices for consumer products, making Amazon richer
Amazon BUSTED for Widespread Scheme to Inflate Prices Across the Economy— Amazon, its vendors, and competing retailers are price fixing, hiking up prices for consumer products, making Amazon richer
Fucking bow down to your overlord, peasant.
You’re just jealous you’re not him.
What a weird fucking comment. Everyone on earth besides like 90 people are closer to poverty than to wealth
Fuck off class traitor
It was not. Poe’s Law.
They’re a complete stranger, and there are actual people who unironically say stuff like that, even on the Fediverse.
When you’re not sure check their overview. That one was obviously sarcasm.
Yourself though, you’re angry and reactionary so it tracks.
Bezos was a Senior VP by the age of 30, working for D.E. Shaw, and was a rumored heir for taking over the business after he retires. Bezos would have made billions and managed a major hedge fund. Set for life.
But that was not enough for him, he wanted hundreds of billions, so here we are. How perfectly healthy and in no way a mental illness.
I use Aliexpress over Amazon whenever possible.
It’s insane the amount of scams going on on Amazon.
hmmm don’t know. I am sure there are scams out there, no doubt. But your situation is identical to a “lost in the mail” scenario.
My point is that if AliExpress made you whole, all you lost was time. It sucks but I would not considered myself to be scammed if at the end of the day I have my money back.
I don’t think I would trust Ali or Amazon (which I rather not use, period) with anything over $100 just in case anyway.
I’m the same way I’ll look up a product… When it’s obviously an import… I’ll just go to AliExpress and get it there.
The time savings isn’t worth the additional price imho
Amazon has reached out to its vendors and instructed them to increase retail prices on competitors’ websites
This is and has been part of Amazon’s contract to be listed on their site since the beginning. They are not even remotely the only one doing this. It’s an industry norm in digital storefronts. Valve has also been sued for this several times. I don’t know why we’re acting like this is a recent discovery.
We need to just ban this practice, because as long as they’re allowed to, they will.
The Wolfire versus Valve antitrust case.
They submitted evidence of email chains from Valve customer support stating that they want Valve to have the best deal available and that they will not choose to do business with companies that do not give them the best deal.
On top of that, they also went on record stating that the steam product key page under the Steamworks area is meant to be intended for all products on Steam, not just keys.
It’s a textbook example of, hey look, this is our policy that’s written down, but we don’t actually follow it.
I have the docket link which is here but its a mess because the original case was dismissed back in 2021, but then amended and merged to contain a larger case.
I used to have the actual document number somewhere if i can find it I will let you know as well. Sadly when the case started getting media attention valve started filing for seal motions on newer evidence, but I don’t /think/ they retroactively sealed anything.
The case is well worth a read, the intent on it is of course valves potential monopoly on video game storefront but it goes into detail about other providers as well. It aims to focus on the valve 30% cut system they use and whether valve uses their market position to abuse or not. I don’t personally think they do, because I feel their choices are fair in a business mentality, but it’s cool reading about others POV’s on it.
There was a time when Amazon was not full of scummy rip-off products, when it was not playing games with prices, when it was not a cloud-computing powerhouse, and you know what happened?
That’s right, they crushed their adversaries (retail shopping) and earned billions in profits. They won.
But somehow that’s not enough winning, there isn’t enough winning until all the value has been vacuumed up from the world.
Bezos explicitly undercut the competition for years to drive all of the competition out of business. Amazon took as much time from 1997-2016 to make as much profit as they did in 2017, which is also (not) coincidentally when they hit peak market saturation and were able to start raising their prices.
So what you’re talking about was real, but it wasn’t like, “back when Amazon was good”, they were just preparing for what they are now. Having a huge monopoly on just about everything has always been their win condition, and they’re no where near done winning.
Yeah. It’s the same thing Uber did with pushing cab services out of business.
Not only that, but AWS is the real money maker for them. Not that retail and gaming and prime and whatever don’t also make boat loads of cash, but it doesn’t even graze AWS. The scale of these data centers is unreal and most of the internet runs on AWS.
I’m an industrial electrician with background on what they’re ordering and installing in terms of control panels and if you saw the weekly shipments it’d make you sick. And we’re only one supplier, they have others.
we absolutely shouldn’t buy things through Amazon or any of the other web stores Amazon owns.
I try to use eBay as an alternative, though i find every 3-4 orders i place there, i get one in an Amazon box that by all rights appears to have been shipped by Amazon. I swear people are drop-shipping stuff from Amazon to their eBay buyers.
Use vercel instead
/s
To quote a favorite singer of mine,
You could fill a man with gold, and still have room for greed.
Fabric.com they did the same thing with.
Now you can’t buy fabric by the yard hardly anywhere.
Joanne’s file for bankruptcy Michael’s has it sometimes hobby lobby they’ll take your money and make sure you’re gay cousin can’t get married…
The mom and pop fabric stores are dead…
I guess we’ll owe nothing and be happy about it
Haha I wish it was owe. Autocorrect brought forth my hopes and dreams there apparently. Lol
Thanks for the heads-up tho.