Amazon’s Big Secret
30 years after the company was founded, we still don’t really know where its profits come from. The answer will loom large in the antitrust case against it.
The FTC alleges that Amazon's low-price image is a mirage: According to the FTC, the company actually keeps prices higher than they would be in a competitive market—not just on Amazon but across the internet—squeezing consumers and small businesses in the process.
By Stacy Mitchell
https://www.theatlantic.com/ideas/archive/2024/02/amazon-profits-antitrust-ftc/677580/
