Dang it, I just named my newborn son Kai. At least I didn’t go with Alexa..
19 karma · joined November 27, 2023
I think a lot of American's have lost trust in AT&T, Time Warner Cable, but it doesn't meant they're not forced to use them.
If you control the pipes you should not be allowed to also sell the water in those pipes. You will always be in a far greater position to take advantage and become a monopoly, which, is well documented, hurts consumers.
Yes, it's a better deal on the face of it, but as soon as AcmeShop goes out of business, competition is gone and Facebook can charge whatever they want. And we all know from the US markets that low to no competition does not benefit the consumer in any way.
The fact that so many companies are dependent on selling on Amazon, yet Amazon also sells their own products, is ludicrous.
- AcmeShop sells 3d printers and sell on Amazon
- Amazon sees these printers are selling well
- Amazon buys/creates their own 3d printer brand
- Amazon gives their own products preferencial treatment and uses all it's data for how AcmeShop's printers are selling to undercut them in all markets
- AcmeShop goes out of business because unaware consumers buy what, on the surface, is a better deal
- With no competition Amazon increases it's prices to whatever it likes
Meta has been fined because they employed tactics to undermine competition and persistently employ anti-competitive tactics.
Why is it wrong for the EU to force companies to obey it's laws and act in the best interest of it's inhabitants?
The companies being targeted are some of the biggest companies in the world and are accountable to almost no-one. Because they're a monopoly they're somehow exempt from the rulebook? C'mon.
If anything this helps competitor businesses because it shows that the tech giants are not except for the law, and the EU will fight for competition. Something the US sorely lacks in many industries.