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I'm not sure that has any bearing. Clearly they hadn't reached the scale Amazon has, so I'd suggest they hadn't found escape velocity. Not that the concept of escape velocity doesn't exist.

You can be wrong a million times, you only have to be right once.

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It does have bearing. Walmart has twice the revenue, and has a grocery monopoly in “43 metropolitan areas and 160 smaller markets”. Walmart put Main Street out of business in most small towns decades ago

https://ilsr.org/wp-content/uploads/2019/06/Walmart_Grocery_...

Sure, if Amazon becomes Standard Oil or Ma Bell, have the government bust em up (for them to split logistics from sales or something like that seems likely). For now they seems to be working as capitalism intended created win/win situations where Amazon gets new margin and the customer gets lower prices/better service. I don't think they have reached a monopoly level at all.

They're way past Ma Bell. After all Ma Bell is back, all the Baby Bells merged back together to re-form "The New AT&T." What changed is our tolerance for monopoly.

Long distance calls cost a pittance now. Service is better. VoIP is a big innovation.

Lack of competition in cellular is another story....

Which is also AT&T after the bought back Cingular which was split off from at&t

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