Sunday, February 5, 2023
GoldscopeFeed
Advertisement
  • World
  • Business
  • Entertainment
  • Technology
  • Lifestyle
  • Sports
  • Finance
  • Trending
No Result
View All Result
GoldscopeFeed
  • World
  • Business
  • Entertainment
  • Technology
  • Lifestyle
  • Sports
  • Finance
  • Trending
No Result
View All Result
GoldscopeFeed
No Result
View All Result
Home Business

Amazon is everywhere. Here’s how the US could break it up

by GFeed News Desk
July 28, 2021
0
Facebook recalling 4 million Oculus Quest 2 headset components

On any given day, you could receive a package from Amazon, visit an Amazon-hosted website, inquire about the weather with an Amazon device, and shop for groceries at an Amazon-owned Whole Foods. Amazon is so much more than a “everything store.” It’s evolved into a “everything company,” with a presence in nearly every aspect of our lives and the economy.

Amazon, like its Big Tech peers, has become a target for regulators and lawmakers as its reach — and, in some cases, dominance — has grown. However, regulators who want to rein in or break up the company without harming the consumers and businesses that rely on it face a challenge because of its enormous size and impact.

Last month, a bipartisan group of US House members introduced a package of bills aimed at limiting the power of dominant tech companies such as Facebook (FB), Amazon (AMZN), Apple (AAPL), and Google (GOOG) (GOOGL GOOGLE). Each of these companies has been accused of anticompetitive behavior by regulators in the United States and Europe, and the proposed US legislation could help pave the way for one or more of them to be broken up, among other options.

Amazon has provided the clearest picture yet of how its business might change if the proposed bills become law, out of the big four. And its massive third-party marketplace could be the first part of its empire to fall apart.

The company recently hinted that it might be forced to shut down its marketplace for third-party sellers and revert to the days when it sold everything on its own website. Such a move could have far-reaching consequences for the millions of sellers who rely on it to run their businesses, as well as disrupt the shopping experience for customers who have grown accustomed to getting almost everything they want in one place.

Long-time Amazon watchers are split on whether the company will actually carry out this plan if the legislation passes — which is unlikely to happen anytime soon — because it could hurt the company’s bottom line. However, the possibility highlights the difficulties lawmakers face in limiting Amazon’s and other tech giants’ power.

“Breaking up companies is very, very hard,” said Joel Mitnick, a partner in the antitrust group at law firm Cadwalader. “Breaking up companies that consumers love is even harder.”

Amazon used to be just a bookstore. Amazon’s businesses now include Amazon Web Services, Whole Foods, advertising, gaming, entertainment, and streaming, logistics, warehousing, and delivery, smart devices, payment services, and, of course, e-commerce.

In recent years, a number of these divisions have been criticized. During her 2020 presidential campaign, Senator Elizabeth Warren suggested appointing regulators to “unwind anti-competitive mergers,” such as Amazon’s $13.7 billion purchase of Whole Foods in 2017.

Tweet146
Previous Post

Zach Wilson a no-show for Jets training camp as contract battle lingers

Next Post

Facebook doubles profit but braces for hit from Apple privacy changes

GFeed News Desk

https://goldcopefeed.com/

Related Posts

Is Elon Musk Going to Testify in the Johnny Depp-Amber Heard Case?

Is Elon Musk Going to Testify in the Johnny Depp-Amber Heard Case?

by GF Entertainment Desk
April 28, 2022
0

There has been speculation that high-profile witnesses such as Tesla CEO Elon Musk, who was romantically connected with Amber Heard...

How CEO of Binance became Asia’s richest man?

How CEO of Binance became Asia’s richest man?

by GFeed News Desk
January 11, 2022
0

A cryptocurrency CEO has become one of the wealthiest people worldwide. Changpeng "CZ" Zhao, the founder of the cryptocurrency exchange...

IKEA to cut sick pay of Unvaccinated staff

IKEA to cut sick pay of Unvaccinated staff

by GFeed News Desk
January 11, 2022
0

IKEA has decided to reduce sick pay for all unvaccinated employees who are forced to self-isolate as a result of...

Chinese Stock prices are rising on the last year of Yoear

Chinese Stock prices are rising on the last year of Yoear

by GF Entertainment Desk
December 31, 2021
0

On the last day of the year, Chinese tech stocks got a strong boost in Hong Kong, but it's not...

Tencent to give away $16 billion of its stake in JD.com

Tesla being Federal investigated for allowing drivers play video games

by GF Tech Desk
December 23, 2021
0

Tesla is being investigated by federal safety inspectors over a function that allows drivers to play video games while driving....

Please login to join discussion

Recommended

Michael Conforto blast ends Mets’ skid at four games

Times Square tourist attacker previously sucker-punched UWS lawyer

August 29, 2021
Tanzania suffers from a Mystery illness in killed 15 people, it leaves victims vomiting blood

Tanzania suffers from a Mystery illness in killed 15 people, it leaves victims vomiting blood

February 9, 2021

Categories

  • Business
  • Entertainment
  • Fashion
  • Finance
  • Food
  • Health
  • Lifestyle
  • Sports
  • tech
  • Technology
  • Travel
  • Travel
  • Trending
  • Uncategorized
  • US
  • World

Don't miss it

Selena Gomez Launches ‘Your Words Matter’ Mental Health Campaign With Rare Beauty
Entertainment

On Friends, Tom Selleck, who plays Richard, talks about his experience

May 2, 2022
Selena Gomez Launches ‘Your Words Matter’ Mental Health Campaign With Rare Beauty
Entertainment

Selena Gomez Launches ‘Your Words Matter’ Mental Health Campaign With Rare Beauty

May 2, 2022
Everything you need to know about Borgen Season 4
Entertainment

Angelina Jolie went to Ukraine, to meet children and volunteers

May 2, 2022
Everything you need to know about Borgen Season 4
Entertainment

First look of P-Valley Season 2 has been revealed

May 2, 2022
Everything you need to know about Borgen Season 4
Entertainment

With only 5 days till the screening of Doctor Strange 2, Marvel has released a teaser

May 2, 2022
Everything you need to know about Borgen Season 4
Entertainment

Everything you need to know about Borgen Season 4

May 2, 2022
  • About
  • Contact
  • Cookie Policy
  • Editorial Policy
  • Privacy Policy

© GoldscopeFeed 2020-21, All Rights Reserved.

No Result
View All Result
  • About
  • Cookie Policy
  • Privacy Policy
  • Contact

© GoldscopeFeed 2020-21, All Rights Reserved.