Zuck’s Got Problems.
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As Matt Yglesias Notes, Wednesday’s Hearing With Big Tech Executives was a bit sprawling, but that isn’t necessarily a Bad Thing. While Amazon, Apple, Facebook, and Google All Very Large Companies in Technology-Related Lines of Industry, Their Business Models Are Quite Different and The Raise Varied Sets of Concerns Anti-Competive Behavior. And those concertns vary in their severitity and in the strength of the case that the government can or should use of anti-trust authority to change what the companies are doing.
My View AFTH THIS HEARING REMAINS THAT Antitrust Concerns are most founded as regards google, which has a truly dominant in the online-search and advertising businesses, and least so regarding amazon, whose bassing only only looks dominant. Company Only to Online Competitors and Not To Brick-And-Moretar Retaillers that Compete with to sell the Products. Amazon has Become Big in An Unusual Way, Often Entering Lines of Business Where Its Market Position is Surat to Be Far from Dominant, Such as Grocery Retail, Where the Acquisition of Who Foods Has Gioven the Comproximately A 2 Percent National Market Share.
Bezos Makes His Case.
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One Line of Questioning in the Hearing, From Pennsylvania Congresswoman Mary Gay Scanlon, Regarded Amazon’s Supposed Efffort to Corner the Market for Diapers – Offering Sharp Discounts to New Moters to Compete Ta Diapers.com, then Buying Diapers.com in 2010 and Raising Prices the Raising Price Competition was out of the way. Amazon CEO Jeff Bezos Responded by pointing out that his company sells diapers in a still highly market, Facing brick-and-mortar retailers like costco. Scanlon replied that she wanted to talk about the online market – but why? Date from the bureau of Labor statistics show that price to the consumption category that contains diapers (toddlers ‘and infants’ apparel) has significantly lagged inflation 2010, with prices up from 2010 to 2019, a period. This was part of a brooder theme from the hearing, where Lawmakers identified Ways that compounding with the Very Large Companies Could Be A Real Headache for Other Firms But the Harm to Consumers Was offen MUCH LESS CLEAR.
IT’S WORTH REMEMBERING THAT, Despite the narrative of a backlash against Big Tech, Google and Amazon at Least Are Very Popular with the Public. Georgetown University’s 2018 American Institutional Confidence Poll Found The two Companies were the Second- and Third-Hostet Trusted Out of 20 Major Institutions Studied, Beating the Courts, the Press, The FBI, Labor Organized, and “Major Companies” in General, and Lagging only the Military. Not all Big Tech Companies Are Beloved – Facebook Scored Poorly in Georgetown’s Survey, and A 2019 NBC News/Wall Street Journal poll Found 60 Percent of Respondents Say they don’t Trust Facebook with personal information, while only 28 percent and 37 percent said that of Amazon and Google, Respectively. There’s an obvious reason that members of the public draw distinctions among these companies: Amazon and Google Provide Extramely useful services, while Facebook Frankly does Not.
And so we can try to address real problems with the companies’ Businessses – like the will of counerfeit products sold through amazon marketplace – lawmakers should be caareful to avoid unintended consequences interf useful. Counterfeits Are a Problem for Amazon’s Own Brand, SO MEMBERS OF CONGRESS MAY BE DOING USSING BY RAISING THE ISSUE IN THE HEARING AND PESSURING AMAZON TO FINTER PRIVATER SOLUTIONS IF IT IF IT IF IT IF IT TO DEVISE A PUBLIC PUBLY THAT BALANCES COUNTERFIT PRONNITION TANNTING PRONNITION TANNTING. Advantages that Third-Party Sales Create: A Broader Variety of Products Avilable to Buy, With More Price Competition. AFTER ALL, DEFINING PROBLEMS CAN BE A USSISFUL PURPOSE FOR CONGRESSIONAL HEARINGS, THIS IF THEY DO NOT PRODUCE OBVIOUS Solutions.