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submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

FTC files “the big one,” a lawsuit alleging Amazon illegally maintains monopoly::FTC: Amazon "extracts enormous monopoly rents from everyone within its reach."

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[-] WilliamTheWicked@lemmy.world 125 points 1 year ago* (last edited 1 year ago)

....can we just skip to the part where Amazon pays less than a fractional percent of their profit in fines and then proceeds with business as usual? I just feel like the charade has grown tiresome at this point.

[-] chonglibloodsport@lemmy.ca 77 points 1 year ago

You must’ve missed the part where Lina Khan built her entire career and reputation on an article she wrote for the Yale Law Journal as a law student arguing that Amazon should be split into separate companies and prevented from re-integrating.

She is considered a radical within the antitrust law world. She is vigorously opposed to vertically integrated monopolies of which Amazon is a star example. This case against Amazon is basically the final boss of her career and her legal movement, the New Brandeis Movement.

[-] JustEnoughDucks@feddit.nl 39 points 1 year ago

And then when this gets big it will be decided on by partison 90 year old idiots who will probably and up saying "amazon is 100% in the right on all counts, as damages to their reputation, amazon now owns the FTC" and then it is promptly found out that amazon paid them $10 million each with a comically large check in front of the courthouse at a press conference while taking photos and laughing "about those darned poor people" and the ruling will still stand.

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this post was submitted on 27 Sep 2023
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