Quote:
Originally Posted by Anabana
A bit more on OT Frustrations...
Here are some excerpts from a Forbes article written by Brittain Ladd (forbes.com Jul 29, 2018):
[Amazon is big, but it controls only 5% of all retail sales in the U.S. and only 1% globally, according to Jodi Seth, head of policy communications for Amazon. By 2020, the number is estimated to increase to 10% of all retail sales in the U.S.]
[According to the United States Department of Justice, "as a practical matter, a market share of greater than 50% has been necessary for courts to find the existence of monopoly power."]
Perhaps some divisions (BOOKS?) will reach 50%(?) and be subject to scrutiny. Would the books that are sold by Amazon be separate from those sold by Amazon sellers? Not sure what the % might be for each side of that market...
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Now if they wanted to start a suit about eyeglasses they might have a case. I understand that business is almost (if not) a monopoly and that that's why the cost of glasses to the consumer is so high.