Prof G Markets: OpenAI’s $90 Billion Valuation, FTC Takes on Amazon, and The Recession is Coming
The Prof G Pod with Scott Galloway
Amazon's alleged illegal practices in preventing rivals' growth
Amazon is accused of illegally preventing rivals from gaining enough scale to compete with them. Amazon plans to challenge the lawsuit. The FTC argues that Amazon's dominance hinders competition. They use crawlers to monitor and punish sellers who offer lower prices elsewhere. Amazon's revenue from US sellers has grown significantly.
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