More
    - Advertisement -

    Amazon Targeted by New Small Business Coalition on Antitrust

    -

    - Ad Keep reading below -
    A new coalition of small business groups on Tuesday launched a campaign for tougher US antitrust enforcement, specifically calling for the breakup of online commerce titan Amazon.

    The Small Business Rising group includes the American Booksellers Association, National Grocers Association, and a number of local and regional business organisations.

    The coalition website said its goal is to “stop tech monopolies, such as Amazon, from cornering the online market by breaking them up and regulating them.”

    - Ad Keep reading below -

    The move comes amid a growing backlash against large technology firms which have dominated key economic sectors and seen their influence grow during the pandemic.

    The new small business group said it supported the conclusions of a recent US congressional report highlighting the power of tech platforms and calling for tougher antitrust enforcement and new legislation to make it easier to dismantle some firms.

    - Ad Keep reading below -

    “By restoring competitive markets, we can unlock the potential of Americans to grow successful businesses and build an economy that is more prosperous, equitable, and innovative,” the group said. 

    ALSO READ  Disney+ Crosses 100 Million Subscribers Within 16 Months of Launch
    ALSO READ  Mass Effect: Legendary Edition Comparison Trailer Shows How It Improves on Original Mass Effect Trilogy

    It specifically named Amazon, saying the company’s “stranglehold over online commerce is one of the top threats facing independent businesses.”

    The group said the congressional investigation “found that Amazon has exploited its gatekeeper power over online shopping traffic to impose exorbitant fees, demand oppressive terms, and extract valuable data from independent manufacturers and retailers that depend on its platform.”

    Amazon pushed back at the claims that it stifles competition, arguing in a statement that “self-serving critics are pushing misguided interventions in the free market that would kill off independent retailers and punish consumers.”

    - Ad Keep reading below -

    A company statement in response to an AFP query said that “Amazon empowered small and medium-sized  businesses to generate hundreds of billions of dollars in sales last year, and their sales are growing significantly faster than Amazon’s first party sales.” 


    What is the best phone under Rs. 15,000 in India right now? We discussed this on Orbital, the Gadgets 360 podcast. Later (starting at 27:54), we speak to OK Computer creators Neil Pagedar and Pooja Shetty. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, and wherever you get your podcasts.

    - read any article below now-

    Latest news

    Made in Britain – Cheese on Towcest’

    Having been made redundant during the Covid-19 pandemic, Mark Rodgers of Cheese on Towcest’ in Northamptonshire took the plunge and decided to launch...

    EU Commission raises “concerns” over State’s hotel quarantine

    The European Commission has contacted Irish authorities over concerns that mandatory hotel quarantine goes against EU law. The news comes after five EU member...

    WHO Chief Says COVID-19 Infection Rate Approaching Highest of Pandemic So Far | Top News

    GENEVA (Reuters) - The number of new COVID-19 cases per week has nearly doubled globally over the past two months, approaching the highest...
    - Advertisement -

    You might also likeRELATED
    Recommended to you

    - Advertisement -