Deconstructed
The Feds Take Big Tech to Court
Sep 30, 2023
Guest Amanda Lewis, partner at the law firm Cuneo, Gilbert, and LaDuca, and co-founder of the Responsible Online Commerce Coalition, joins Ryan Grim to discuss the antitrust lawsuits against Amazon and Google. They delve into Amazon's control over pricing, Google's manipulation of internet access, and the challenges faced by third-party sellers. The podcast also explores Amazon's vertical integration and exploitation of monopoly power, its response to political scrutiny, and the lack of transparency in the trial between Google and the Department of Justice.
41:02
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Quick takeaways
- Amazon's pricing policies harm third-party sellers and limit competition, highlighting the need to address its actions for consumer welfare.
- The ongoing trial against Google raises concerns about corporate secrecy and privacy, but also brings attention to anti-competitive practices and the possibility of greater transparency.
Deep dives
The Amazon Lawsuit: Holding the Company Accountable
The FTC and 17 state attorneys general filed a landmark lawsuit against Amazon for its anti-competitive conduct towards third-party sellers. The lawsuit addresses the effect of Amazon's pricing policies on both businesses and consumers. Amazon's tactics include suppressing the buy box for sellers who offer lower prices on other platforms and enforcing exclusive contracts that limit competition. The case is focused on how Amazon is maintaining and exploiting its monopoly power, rather than how it acquired it.
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