Wednesday, June 26, 2019

Mike Papantonio and Farron Cousins - Amazon's Takeover Of Our Lives

Every time Amazon expands by 1% 8,000 other companies go out of business. Jeff Bezos keeps expanding into new areas which now includes business with the Pentagon.

 I didn't know this, but Amazon uses 'personal pricing ' and my immediate thought was that this was a discount for regular customers, but it's the opposite, in fact. If you regularly buy a product, Amazon may increase the price by 3%, so the price you see is not the one everyone else sees. And they might increase it again sometime later. ,

America’s Lawyer: Mike Papantonio and Trial Magazines Editor Farron Cousins break down the virtual monopoly Amazon now enjoys, given that nearly HALF of all online purchases in the U.S. are now placed through its all-encompassing marketplace. Beyond online retail though, Amazon CEO Jeff Bezos has expanded the company’s reach to TV streaming, pharmaceuticals, and even brick-and-mortar stores. Plus, a new report showing that the Catholic Church has spent millions of dollars lobbying against the efforts to hold their own clergy members liable for molesting children.


S400 said...

Job creators...

edzimmer said...

Amazon (or equivalent) will eventually replace virtually all retail. Their dominant advantage is convenience. You can order what you want, when you want and it's always available. How often do you leave a store because they didn't have what you were looking for? And they remember your purchases. You want to replace something you bought 3-4 years ago, if it's available anywhere, they have it - and they remember exactly what it was you bought And their customer "comments" offer much more useful information than any advertising. The only significant advantage the stores retain is touch-&-feel and that will continue to fade as online virtual reality emerges.