663
Amazon execs destroyed years of evidence before FTC action, agency says
(www.seattletimes.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 03 Nov 2023
663 points (99.7% liked)
Technology
59381 readers
1000 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
The moment you seperate AWS from the rest, the rest will shut down.
If Amazon (retail) can't survive on it's own without exploiting workers and all the other crap they do, then we'll be better off without it.
I'm not just asking to separate AWS. I want AWS to further split into different companies.
https://en.wikipedia.org/wiki/Breakup_of_the_Bell_System
Why would you think that it isn't profitable?
Because they sell the bulk of their products at a loss. They use their webservices platform to bankroll their retail platform so they can undersell even Walmart. Some years it does turn a slight profit but generally it's fairly negative but no matter what it doesn't offset the pure profit that is the web services division. https://ir.aboutamazon.com/quarterly-results/default.aspx
Serious question, why do they then even bother with the retail platform?
If I had to guess, to achieve the ultimate conclusion of the Walmart plan, squash every other retailer in the nation and then raise prices.
Brand awareness, data metrics, upselling their shitty amazon choice products.