California Attorney General Rob Bonta last night filed a request for a preliminary injunction in California’s existing case against Amazon for price fixing. Attorney General Bonta’s 2022 lawsuit alleged that the company stifled competition and caused increased prices across California through its anticompetitive policies in order to avoid competing on price with other retailers. New evidence paints a clearer and more shocking picture. The motion for a preliminary injunction comes after a robust discovery process where California uncovered evidence of countless interactions in which Amazon, vendors, and Amazon’s competitors agree to increase and fix the prices of products on other retail websites to bolster Amazon’s profits. Time and again, across years and product categories, Amazon has reached out to its vendors and instructed them to increase retail prices on competitors’ websites, threatening dire consequences if vendors do not comply. Vendors, bullied by Amazon’s overwhelming bargaining leverage and fearing punishment, comply — agreeing to raise prices on competitors’ websites (often with the awareness and cooperation of the competing retailer), or to remove products from competing websites altogether. Amazon’s goal is to insulate itself from price competition by preventing lower retail prices in the market at the expense of American consumers who are already struggling with a crisis of affordability.
If America was a serious country they would break up Amazon for this AND arrest Bezos and send him to a random Supermax for corporate blackmail, mass fraud, and unfair competition. But I fear they never were.
America was bought by the corpos a long time ago.
One could argue it’s always been about the wealthy.
The Guantanamo Bay detention camp is a stain on America and a threat to all of us now.
I’m being hyperbolic, but I do think every CEO of every company in America worth hundreds of billions should be arrested, have their companies broken up, and said CEOs sent to Supermax prisons for mass fraud.
A nitpick, but America won’t have Gitmo in that scenario tho. Displacing american people to random countries now is deeply rooted in the premise it’s okay to have a torture camp franchized over to places out of everyone’s sight. It wasn’t okay before and it’s not now, and serious country with some sense and a accountability would not employ such tactic.
If you did want to nitpick Bezos hasn’t run Amazon since 2021, so we’d have to check when they were being accused of doing so.
5 years on and most of us think Bezos everytime we hear Amazon still
I mean, how can we be so sure Bezos doesn’t still have influence over Amazon? He sure owns a lot of stocks in it for obvious reasons. He’s bought the Washington Post to spread propaganda. He’s set up Blue Origin to get government contracts. I’ve no reason to believe that he’s not apart of the Amazon problem and their influence over American Markets.
Something about one big club.