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.
Bezos was a hedge fund manager. This should surprise nobody.
Bezos was a Senior VP by the age of 30, working for D.E. Shaw, and was a rumored heir for taking over the business after he retires. Bezos would have made billions and managed a major hedge fund. Set for life.
But that was not enough for him, he wanted to hoard hundreds of billions of wealth instead, so here we are. How perfectly healthy and in no way a mental illness.
Removed by mod
Removed by mod
I think it was pretty obviously sarcasm
It was not. Poe’s Law.
They’re a complete stranger, and there are actual people who unironically say stuff like that, even on the Fediverse.
Removed by mod
It’s pretty obviously a troll account.
Poe’s law strikes again
When you’re not sure check their overview. That one was obviously sarcasm.
Yourself though, you’re angry and reactionary so it tracks.
Their post history reveals them to be kind of a jerk. If it was an attempt at sarcasm it was a poor one.
yall are exhausting. Hate it or don’t but move on. Nobody wants to check post history
Lol, these mods are a joke.