Amazon execs destroyed years of evidence before FTC action, agency says::Amazon allegedly destroyed communications, turned controversial programs on and off, and knowingly raised prices for consumers, according to unsealed documents.

  • lutillian@sh.itjust.works
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    1 year ago

    Because they sell the bulk of their products at a loss. They use their webservices platform to bankroll their retail platform so they can undersell even Walmart. Some years it does turn a slight profit but generally it’s fairly negative but no matter what it doesn’t offset the pure profit that is the web services division. https://ir.aboutamazon.com/quarterly-results/default.aspx

      • lutillian@sh.itjust.works
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        1 year ago

        If I had to guess, to achieve the ultimate conclusion of the Walmart plan, squash every other retailer in the nation and then raise prices.