Is Amazon Bad for Business?
See what has been reported about Amazon in other communities, and judge for yourself.
Jeff Bezos built Amazon.com Inc. from his garage with an underdog’s ambition to take on the establishment. He imbued staff with an obsession to grow fast by grabbing customers using the biggest selection and lowest prices. Today, he has more than 1.1 million employees and a market valuation around $1.6 trillion. But Amazon never really grew up. Mr. Bezos still runs it with the drive of a startup trying to survive.
Two years after Amazon pulled out from a proposal to build a massive headquarters along the Queens waterfront, the site is a vacant eyesore — and, to many locals, the squandered economic opportunity is even more painful amid the coronavirus pandemic. “The site just sits there empty. It’s terrible,” said Donna Drimer, owner of the Matted LIC art gallery and gift store. “We’re in the middle of a pandemic. People say, ‘If we only had Amazon.’ We got nothing.”
California investigators are examining Amazon.com Inc.’s business practices as part of an inquiry into the tech giant, according to people familiar with the matter. The state’s review focuses at least in part on how Amazon treats sellers in its online marketplace, these people said. That includes Amazon’s practices for selling its own products in competition with third-party sellers, one of the people said. Neither Amazon nor California has disclosed an antitrust investigation.
California investigators are examining Amazon.com Inc.’s AMZN -0.51% business practices as part of an inquiry into the tech giant, according to people familiar with the matter. The state’s review focuses at least in part on how Amazon treats sellers in its online marketplace, these people said. That includes Amazon’s practices for selling its own products in competition with third-party sellers, one of the people said. Neither Amazon nor California has disclosed an antitrust investigation.
How Amazon’s Business Practices Harm American Consumers: Why Amazon Needs a Competitor and Why Walmart Ain’t It
$1,950,000. That’s what our company paid Amazon last year. We sell plush and construction toys on Amazon. Well, technically, we sell toys on our website, on eBay, on Walmart.com, to brick-and-mortar stores, and we sell on Amazon. But, really, we only sell on Amazon. In 2018, we had about $4,000,000 in sales but Amazon.com accounted for over 98% of that.
Amazon's business practices, handling of third-party sellers reportedly under review by California, Washington
NEW YORK — State officials in California and Washington are reviewing Amazon's business practices to determine whether the company is violating any laws with respect to the independent merchants that sell goods on its site, according to published reports.
A US senator is calling on the Justice Department to open a criminal probe of Amazon’s “predatory data practices.” Sen. Josh Hawley (R-MO.), who has long been critical of Silicon Valley’s biggest companies and their privacy practices, expressed concern Tuesday about a Monday report that Amazon collects data about third-party products it sells on its website in order to create its own Amazon branded copies.
Europe has the motivation, but not the means, to break up Big Tech. For the U.S., the inverse is true. That’s bad news for anyone hoping for a full regulatory reckoning with Silicon Valley’s and Seattle’s giants over their monopolistic tendencies. Washington lawmakers see their job as protecting the consumer first and foremost, while Brussels wants to make sure other companies are allowed to compete with the incumbents. Sadly for Europe, the Americans have all the power but their approach is unlikely to produce radical change (as my Opinion colleague Tara Lachapelle wrote this week).
Amazon is reportedly facing a new antitrust investigation into its online marketplace led by the FTC and attorneys general in New York and California
State attorneys general from New York and California have teamed up with the Federal Trade Commission to investigate Amazon's online marketplace, Bloomberg reported Monday. The agencies plan to begin interviewing witnesses in the coming weeks, according Bloomberg.
Amazon CEO Jeff Bezos told a congressional antitrust hearing on Wednesday that he was unsure if his company had used the data of third-party sellers to inform Amazon’s business decisions, in violation of its own policies. Bezos made the admission during questioning by Representative Pramila Jayapal (D., Wash.), whose district in Seattle is home to Amazon headquarters. Amazon has faced accusations from former employees that the company has used data from third-party sellers to market and manufacture its own products, which often directly imitate the most popular third-party products, to the detriment of those independent sellers.
New York and California’s attorneys general are joining forces with the Federal Trade Commission in its antitrust investigation of Amazon, according to Bloomberg’s Spencer Soper. Though the FTC and California’s probes were previously disclosed, New York’s involvement and the inter-agency cooperation have not been reported. Under the agreement, California, New York, and the FTC will share findings and interview witnesses.
Jeff Bezos has conceded he cannot guarantee that Amazon has not used the data of third-party sellers to benefit his own company – an admission that will trigger further controversy over the e-commerce giant’s business practices. In his first ever testimony before Congress, Mr Bezos was quizzed about a recent report that claimed Amazon had used such data to make its own, competing products.
State investigators in both California and Washington are examining Amazon’s business practices, two newspapers reported, citing people familiar with the matter. The inquiries focus at least in part on how Amazon treats sellers in its online marketplace, the Wall Street Journal and the New York Times reported on Friday.
SAN BERNARDINO, Calif.—This community was still reeling from the recession in 2012 when it got a piece of what seemed like good news. Amazon, the global internet retailer, was opening a massive 950,000-square-foot distribution center, one of its first in California, and hiring more than 1,000 people here.“This opportunity is a rare and wonderful thing,” San Bernardino Mayor Pat Morris told a local newspaper at the time.