This is a most excellent place for technology news and articles.
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.
I think it’s worse because Bezos (ex-wallstreet) had his buddies at Bain Capital short-and-distort competing companies into bankruptcy, which has the added bonus of clearing the tax burden from the gains on those shorts.
And that is why I no longer buy anything from them. I'm just embarrassed it took me as long as it did to realize what they were really doing.
The frustrating thing is we can't boycott AWS since so many of the sites we use run on it. But yes, we absolutely shouldn't buy things through Amazon or any of the other web stores Amazon owns.
Ehhh not really. They operated at massive losses for a decade or more to eliminate the competition while growing their customer base. This is simply stage 1 of enshittification. You can only do this if you're unbelievably filthy fucking rich. Then at some point they needed to cash out on all the good will and reputation they developed and that brings us to the shithole economy of today where people are simply too lazy to shop anywhere else.
The other commenters here are right about Amazon's initial methods, but I'm also going to highly recommend Cory Doctorow's Enshittification for a detailed explanation of how this happens (including a breakdown on Amazon specifically) and what to do about it.
They're BUSTED when someone goes to prison.
For now they're just SLAMMED
Just wait until they get BLASTED in a strongly worded email.
Bezos was a hedge fund manager. This should surprise nobody.
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 to hoard hundreds of billions of wealth instead, so here we are. How perfectly healthy and in no way a mental illness.
oh I just cant wait for the highest profile minor slap on the wrist of the century!
Yeah don’t worry. They’ll get a small fine and will appeal and drag it out for years
Dont worry guys well give one of the richest men in the world a 100k fine!
If America was a serious country they would break up Amazon for this AND arrest Bezos and send him to a random Supermax for corporate blackmail, mass fraud, and unfair competition. But I fear they never were.
Holy shit guys! S-so, if you have a monopoly, it's like, you can do whatever the fuck you want? So it's like in THE FUCKING GAME OF MONOPOLY? Jee, we are learning something new every day
In the game, you have to improve your properties to charge more rent. In reality, the monopoly can reduce quality and raise price at the same time.
Can openers is what did it for me.
In 2015 I needed a new manual can opener. The local big-box stores had two basic styles. A cheap, all metal one that was just stamped from a single sheet, and a more expensive one with better handles.
The more expensive one had previously rusted and began to look nasty within a few years.
Amazon had a bunch of different styles at less than the price point of the more expensive one.
I bought one. It was fine. I didn’t love the operation. It cut the whole top off from the side, rather than from the top in a downwards cut. The sharp edges were on the can rather than on the lid. It would catch the paper labels and sometimes wad them up into the can while you cut. Cans with no air space would leak when opened.
Anyway. Replaced it in 2019. Amazon still had a broad selection, but all except for obvious crap was as expensive as the local big box store’s expensive option. Wound up going to a smaller local(ish) bulk foods store and bought a cheapo restaurant one for less than Amazon’s/the big box store’s similar offerings. Minimal rusting to date.
I would read your review of various day to day items.
As far as distractions from the Epstein Files go, this is an exciting one.
Can't wait for them to be fined one penny for every $20B made.
Hey now, don’t get your hopes up.
I cannot express enough how angry I am that people still use amazon. Major cringe when friends tell me all the shit they buy on there. I used it 10 years ago a couple times, never once since then. Its shit, slave labor, and enriches billionaires. No one forces you to use it.
Market regulates itself or somthing.
I heard there was an invisible hand that I should trust.
I've been telling people to stop supporting amazon for years, but everyone seems to have their reason to keep supporting them. This hopefully will be a good enough reason for people to finally stop shopping on amazon.
I haven't bought anything from amazon in over 12 years. I find everything on the manufacturer's website or eBay. No need to ever use amazon for anything.
👏🏻 We 👏🏻 demand 👏🏻 public 👏🏻 executions 👏🏻
Yeah, IIRC when a bunch of large corporations got away with doing this in the 1980s and 90s, a lot of us just assumed it would keep happening. Some people have tried raising the alarm about this, but have been shouted down pretty consistently.
BREAKING NEWS!!
Evil company known for being evil is caught doing evil things!
Easy solution: don't use Amazon.
You lived without it before. You can do it again.
They drove a large swath of stores out of business. It’s vastly more difficult
Yeah it was a trap.
The best you can do now is order a lot of stuff directly from China.
Nothing will change until there's jail time for executives.
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.
Valve states you can’t sell a steam key in another platform for cheaper than in steam, not that you can’t sell your game anywhere else at a lower price. That’s slightly different than here. Not defending it just saying that it is actually different than here.
New evidence shows Amazon, its vendors, and competing retailers are price fixing, hiking up prices for consumer products and making Amazon richer and richer
So, jail time it is for Jeff Bezos, right?
This is why you shouldn’t buy US
Meanwhile in Canada, if something falls into a niche good luck finding it in person. It's getting beyond frustrating trying to buy in person to avoid Amazon, then finding out that nowhere carries it and having to order from Amazon anyway.
That's what we get when Canada is a handful of monopolies in a trenchcoat instead of a country.
