So everyone gets $3.50 back?
No, the government gets a couple million in fines and Amazon raises their prices to compensate for the next quarter but never lowers the cost so they’ll make even more the quarter after.
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So what’s the government’s
pricefine for something like that, 5 mil?These kinds of crimes should come with a fine that’s 10x what they profited. Then even they manage to hide some of the profit, it’s still gonna hurt.
And jail time as well as taking their personal wealth. Or throw them in the middle of the Atlantic, both options are valid.
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and nothing will happen ever.
I dont know who yall think decides on what prices a company charges other than the company.
Can’t tell if trolling or genuinely boot licking Amazon’s anti-trust behavior.
Anti-trust means opposing monopoly, i assume you mean anti-competitive. And one company making price changes for their own prices is not anti-competitive, especially when its price increases. Thats encouraging competition. Competition is other companies aiming to sell to you for better quality or cheaper prices, and Amazon going up in price just gives competitors more opportunity to outdo them on price. That theyre taking the opportunity to raise their own prices isnt on Amazon in any way, unless it was a concerted price gouging scheme.
Amazon owns both the product and the platform. They often are involved in the delivery of the products as well. This gives them quite a bit of control over other companies selling on their platform. They can push whatever product they like to the top of the page. They can copy other products and push the original to the last page of results, and then drop their price until the other company can’t compete, and then raise their prices.
They have a lot of control which allows them to be anti competitive. And allegedly they use that
None of that is what this article is talking about. This is just about them raising prices.
Price fixing, whether explicit or implied from conduct, is absolutely something anti-trust regulations were designed to prevent.
Price fixing involves multiple companies working together
Which is exactly what was described in the article.
