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Amazon execs destroyed years of evidence before FTC action, agency says
(www.seattletimes.com)
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this post was submitted on 06 Nov 2023
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Yeah because Amazon kills off all the competition.
It wasn't necessarily Amazon that killed of the competition, it's the tech behind Amazon (e-commerce) that killed retail stores. Just like UBER demolished the taxi industry, just like cars replaced horse carriages, and just like AI's about to make knowledge workers completely obsolete. Amazon still has a great deal of competition from Walmart, Target, and lots of retailers.
They also killed a huge amount of e-commerce sites with their sheer size. This isn't really about tech more about their monopoly.
Shopify accounts for 1/3 of all e-commerce sales in the US in 2023, and with the rise of way cheaper Chinese alternatives to amazon like shien, Temu, & Alibaba express no one really has a monopolistic control in the e-commerce space.