Transaction Category : Amazon
I am part of the problem, allowing companies like this to take over way too much of the market share world wide, but anytime I need to buy things I can’t get in town, its amazon I order from. It is what it is. They are in the second group, e-commerce.
They doubled their income this year, due to covid I am sure shutting down all the small businesses like mine. They are the largest online retailer, and now are worth 1.6 TRILLION dollars. Thank god you are right Megan, and they are now under investigation for reselling peoples goods and directly competing with them. I hope someone reins them in… made almost 90BILLION dollars in one quarter, but they have totally taken over online, as I say I shop there too.
Most of their money is made through its retail, subscriptions, and web services, among other channels. They also launched Amazon Prime in North America and make tons of extra money offering unlimited free shipping, and unlimited streaming of movies, TV shows, and more.
On October 6, 2020, after a 16-month investigation into the business practices of tech behemoths Apple, Amazon, Facebook and Alphabet, the House Judiciary subcommittee on antitrust released its recommendations on how to reform laws to avoid the continued emergence of digital monopolies. The Democratic-majority staff presented a nearly 450-page report concluding that the four Big Tech companies dominate the industry in ways that affect the U.S. economy and democracy, suggesting Congress implement changes to antitrust laws that could result in parts of the businesses being separated.