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The Hustle Daily Show
Is the “Big One” about to drop on Amazon?
Aug 14, 2023
Upcoming antitrust action against Amazon, new doxing law in Illinois, autonomous vehicle charges, inflation impact, Twitter auction, new species discovered near Antarctica, trippy strawberry picture, influx of teens at Planet Fitness, and insights on the ongoing legal battle and potential impact on Amazon.
12:48
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Quick takeaways
- The FTC is expected to bring an antitrust suit against Amazon, potentially threatening its extensive e-commerce operation.
- Waymo and Cruz have been granted permission to charge passengers for autonomous rides in San Francisco 24/7, increasing the convenience and potential adoption of self-driving cars.
Deep dives
The FTC is gearing up for an antitrust action against Amazon
The Federal Trade Commission (FTC) is expected to bring a significant antitrust suit against Amazon. The suit is likely to focus on the treatment of outside sellers on Amazon's platform, especially regarding how Amazon rewards some merchants who use its services and punishes others who don't. While Amazon has a considerable amount of resources to defend itself, this suit is seen as a threat to the empire, potentially leading to restructuring or divestment of parts of its extensive e-commerce operation. The legal battle is expected to be prolonged, with even a loss not necessarily being the goal of the FTC, as the primary aim is to slow down Amazon's expansion and potentially encourage further regulatory action.
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