New unsealed records reveal Amazon's price-fixing tactics, California AG claims
74 points
2 hours ago
| 5 comments
| theguardian.com
| HN
fmajid
1 hour ago
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At this point, Antitrust law is no longer the right statute for prosecution.

RICO is.

https://en.wikipedia.org/wiki/Racketeer_Influenced_and_Corru...

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113
1 hour ago
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Seems like that's just for protesters.
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cucumber3732842
17 minutes ago
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That would be like showing up for the battle of Kursk with an M18 battalion. Might go well at first, you might score some big flashy wins, but....ugh... things are gonna get worse as the day goes on and it's generally an ill advised strategy

Rico as written and enforced walks right up to the limit of constitutionality in a dozen ways. It's built for speed. It's never really been thrown into a knock down drag out legal action between titans on equal footing (i.e. a bigco legal team, potentially helped by other bigcos). It might survive nominally but it probably won't come out the other end in serviceable condition

I say go for it. Heads I win. Tails you get RICO reform.

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add-sub-mul-div
1 hour ago
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Anything trying to protect consumer rights at the federal level risks getting shut down during a future Republican administration.
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lelandfe
1 hour ago
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If you've ever seen those "Click To Reveal Price" or "Price Only Revealed At Checkout" products online, this here is one reason why. They help businesses keep discounted prices hidden from Amazon's crawlers.
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ggreer
9 minutes ago
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This can also be true if the manufacturer of the product requires that retailers not offer a price below a certain amount. This is called the minimum advertised price (MAP) and is common for big brands like Apple. Another way to get around the minimum advertised price is to bundle the product with some other product or service, such as is done with cell phone contracts.
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xnx
6 minutes ago
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Blame the manufacturer for this, not the reseller.
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fg137
24 minutes ago
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Is it effective, like, at all?
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trollbridge
1 hour ago
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Amazon would be smart to settle with no admission of wrongdoing and an agreement to seal documents lest every other state end up following suit.
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ikidd
56 minutes ago
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The documents can be subpoenaed for a new proceeding from the source.
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SilverElfin
30 minutes ago
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We need all new antitrust laws. The size of these companies is itself a problem. They have so much power that there is no possibility for fair competition. Maybe we can start by taxing companies that are worth more than 1 trillion at an extremely high rate.
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worik
2 hours ago
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Unsurprising

Did Amazon think they were too big to convict?

I wonder if they will meet the fate of Standard Oil, back in the day.

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fmajid
1 hour ago
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No, Antitrust law was effectively neutered by the Chicago School and their agent Robert Bork.

https://www.theamericanconservative.com/robert-borks-america...

(BTW that source is right-wing and can hardly be said to be biased against Bork).

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vondur
44 minutes ago
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That's fascinating. Bork was denied being on the supreme court but his ideas shaped current antitrust laws. It feels a bit like the old Standard Oil argument: It's ok to have a huge market share so long as pricing for goods gets cheaper even if it hurts competition overall. *edited* for grammar.
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