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Alibaba's six-way split, Disney cuts its metaverse team, Substack's raise & more | E1708
This Week in Startups
How Amazon Could Be a Conglomerate
Being a conglomerate gives you a lot of ways to not explain what you're doing and to do anti-competitive things. Amazon can for some period of time get people addicted to basics or they could show and rank slightly better people who give a larger percentage of their sales to Amazon. And so they can obscure all kinds of things. They could lose money on a product, which is, you know, product dumping, dumping of products. You could have a company like Google give the pixel, the Google Pixel's fantastic phone I've owned, a couple of them. The same joke is made about Apple because the AirPods business is like tens of billions of dollars on its own. So it
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