Amazon allegedly destroyed communications, turned controversial programs on and off, and knowingly raised prices for consumers, according to unsealed documents.

Amazon execs destroyed years of evidence before FTC action, agency says::Amazon allegedly destroyed communications, turned controversial programs on and off, and knowingly raised prices for consumers, according to unsealed documents.

  • lutillian@sh.itjust.worksEnglish
    10·
    1 year ago

    Because they sell the bulk of their products at a loss. They use their webservices platform to bankroll their retail platform so they can undersell even Walmart. Some years it does turn a slight profit but generally it’s fairly negative but no matter what it doesn’t offset the pure profit that is the web services division. https://ir.aboutamazon.com/quarterly-results/default.aspx

      • lutillian@sh.itjust.worksEnglish
        16·
        1 year ago

        If I had to guess, to achieve the ultimate conclusion of the Walmart plan, squash every other retailer in the nation and then raise prices.