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Amazon made $1 billion through secret price raising algorithm -US FTC
(www.reuters.com)
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this post was submitted on 03 Nov 2023
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wait, I thought that it was covid and supply chains and such and actually that the profit motive encourages them to lower prices because competition and so on
You're forgetting one thing, Amazon has no real competition. Do you have a cloud service that makes you profit hand over fist so that you can dump that money into a loss leader service like amazon delivery?
No?
Well then they're going to undercut you to the point of zero profit margin to suffocate your business.
eBay all the way, boys and girls.