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Amazon's Monopoly of the tech industry is ruining the US economy (lemmy.world)

submitted 2 months ago by Buttflapper@lemmy.world to c/technology@lemmy.world

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I wanted to get printer photo paper for my printer, a Canon. I went to Walmart, They had nothing. Went to Target, they had one pack of photo paper and it was crazy expensive, so I went to micro center. That one was just as expensive. So finally I went back to Amazon, which I was trying to avoid, and saw the price 25 to 40% lower than anywhere I had been. Literally everything that I was looking for, I could find within seconds. Not even Best buy has even close to the amount of inventory or variety, even when you're shopping online....

Therefore, I think Amazon has a literal monopoly in the tech industry right now, you're literally forced to buy from them, because unless you have the money and financial fortitude to protest with your wallet, you're going to be buying from them. There's no other choice. They have so aggressively and dominantly taken over the supply chain market that no other tech company can currently compete with them in any aspect at all. You will be paying 40 to 50% more on everything by cutting out Amazon, and no one has the money for that anymore unless you're upper middle class or above

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[-] Grappling7155@lemmy.ca 27 points 2 months ago

I’m surprised there’s so few mentions of AWS in this thread. It’s a huge profit centre for the company and a large portion of the internet is now running off of it. AWS is basically the internet’s landlord now, and the profits generated from being the most popular cloud service provider globally are probably why they can afford to invest so heavily into their logistics infrastructure and retail that people are more familiar with.

[-] recklessengagement@lemmy.world 11 points 2 months ago

I went to a conference this weekend, and it slowly dawned on me how every single one of the vendors was selling their app hosted on AWS. That's all it is. Just different flavors of AWS.

Even if you dont interact with AWS directly, every business needs business services - you can bet that no matter what you're buying or who you're buying it from, some of your money is going directly to AWS marketplace.

[-] Flocklesscrow@lemm.ee 10 points 2 months ago

AWS generates more than 50% of Amazon's profit. Their retail side is peanuts, by comparison.

[-] GamingChairModel@lemmy.world 5 points 2 months ago

The retail side of their operations serves as basically a really big customer of AWS services.

[-] GiddyGap@lemm.ee 6 points 2 months ago

The retail side is also just a huge ad for Amazon as a company. It's what everyday consumers know even if it doesn't provide a huge amount of profit. It creates name recognition.

[-] abigscaryhobo@lemmy.world 6 points 2 months ago

Not to mention a lot of eggs in one basket. They've built in a lot more redundancies now yeah, but all it takes is a hit to AWS and a shitload of the internet is just DOA. Yeah you can argue about protections and data centers or whatever, but still. It's one big nest in control of one company, no matter how well they guard it, it's still a risk, technical, ethical, or whatever.

[-] ICastFist@programming.dev 2 points 2 months ago

One shit update is all it takes, just ask CrowdStrike and Microsoft

this post was submitted on 22 Sep 2024

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