This Week in Startups $AMZN considers dropping “Basics”, FCC Commissioner Carr on banning TikTok + more | E1509
Jul 16, 2022
Brendan Carr, FCC Commissioner, dives into the pressing national security concerns surrounding TikTok and discusses the implications of a potential ban in the U.S. He highlights the delicate balance between user enjoyment and safety. Eric Button, founder of the fintech company Contrast, offers insights into the startup scene and the appeal of American-made products, emphasizing the importance of supporting local businesses. The conversation also touches on the ongoing challenges of regulating tech giants and the ever-evolving landscape of data privacy.
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Amazon's E-Commerce Attack Vector
- Amazon's e-commerce attack vector is its use of third-party seller data.
- It copies best-selling products and prioritizes its own brands, like Amazon Basics.
The Cost of Amazon Basics
- Amazon's private-label business accounts for only 1% of retail sales, making it a small yet significant vulnerability.
- Shutting it down would be a strategic move to avoid regulatory pressure.
Neutralizing Regulatory Scrutiny
- Big tech companies should offer paid, data-privacy-focused services.
- This would neutralize regulatory scrutiny by giving users a choice.