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submitted 2 years ago by L4s@lemmy.world to c/technology@lemmy.world

Amazon faces potential break-up as FTC finalizes antitrust lawsuit | The FTC is getting ready for the big one::undefined

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[-] jungekatz@lemmy.world 5 points 2 years ago

Read similar news about meta , google and even microsoft ! Now it feels like a hogwash !

[-] xeekei@lemm.ee 4 points 2 years ago

Would be great if the US started regulating big tech as harshly as the EU, let's see how they like that.

[-] Yondu_the_Ravager@lemmy.world 4 points 2 years ago

The FTC hasn’t had a spine in decades, I doubt anything will come of this. It would be nice for once if the government actually gave a shit about monopoly busting, but they don’t care anymore. Not when corporations are legally allowed to bribe the ones making legislation, oh and also companies can be people now

[-] JollyTheRancher@lemmy.world 1 points 2 years ago

The FTC has had a spine since 2020, they have been really busy - https://www.ftc.gov/news-events/news/press-releases

[-] NuclearArmWrestling@lemmy.world 3 points 2 years ago

Great, instead of one overvalued company, Jeff Bezos will own majority stakes in multiple overvalued companies.

[-] yoz@aussie.zone 3 points 2 years ago

Nothings going to happen. Its just another headline that FTC will do something but we know how it goes.

[-] prince_equis_49@feddit.nl 3 points 2 years ago

Does this need to happen? By God yes, a thousand times over. Will it actually happen with a positive effect? Big doubt.

[-] zerkrazus@lemmy.world 3 points 2 years ago

If this does happen, I hope they find a way to do it that doesn't make Bezos and the like richer, like what happened with Standard Oil years ago.

[-] asphaltkooky@lemmy.world 3 points 2 years ago

Remember when FTC threw hands with MSFT....like literally last week? Yeah.

[-] Historical_General@lemmy.world 3 points 2 years ago

So perhaps they'll fart in Amazon's general direction?

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[-] Pika@lemmy.world 3 points 2 years ago* (last edited 2 years ago)

Yeah I see no way this happens, if they wouldn't involve themselves in Microsoft being a monopoly /anticompetitive they sure as hell ain't going to combat Amazon

[-] sin_free_for_00_days@sopuli.xyz 1 points 2 years ago

Wasn't Microsoft convicted of being a monopoly though? I mean, it was overturned, but they did something.

[-] bcrab@lemmy.world 3 points 2 years ago

They will settle for increased regulation, knowing their army of lawyers will be able to manage it all while the little guy will get snowed under.

So we’ll see even more small businesses fail while Amazon will continue to grow because the gov’t was lobbied into killing the competition.

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[-] Buelldozer@lemmy.world 1 points 2 years ago

Great news! I hope it happens but I won't be holding my breath. The US has gotten really bad about this kind of action over the past 20 years.

[-] AphoticDev@lemmy.dbzer0.com 1 points 2 years ago

Yeah, that'll happen.

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this post was submitted on 27 Jul 2023
785 points (99.1% liked)

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