Comment on Trying to find a messenger bag at Amazon
yucandu@lemmy.world 3 days agoThey don’t need to pocket the regulators.
They just need to buy up the competition.
Comment on Trying to find a messenger bag at Amazon
yucandu@lemmy.world 3 days agoThey don’t need to pocket the regulators.
They just need to buy up the competition.
henfredemars@infosec.pub 3 days ago
These practices are exactly the kinds of behaviors that regulators should prevent.
When a business gets huge it shouldn’t be allowed to buy up all of its competition. Regulatory authorities should block these acquisitions. For example, Sprint should never have been sold because it concentrated power even further and gives customers less choice.
It’s not simple price competition either. A company like Walmart can afford to sell products at a loss to drive other businesses out on purpose and then jack up the prices when they’re the only game in town. Dollar General has been accused of strategically placing stores to block businesses from making a profit.
AA5B@lemmy.world 3 days ago
Sprint is an interesting example because I believe regulators did block previous merger attempts on exactly those grounds.
It’s yet another case subject to the whims of whatever administration is in charge, and we’re stuck with the fallout