Amazon.com Inc

Lawmakers, Taking Aim at Big Tech, Push Sweeping Overhaul of Antitrust

WASHINGTON — House lawmakers on Friday introduced sweeping antitrust legislation aimed at restraining the power of Big Tech and staving off corporate consolidation. If passed, the bills would be the most ambitious update to monopoly laws in decades. The bills — five in total — take direct aim at Amazon, Apple, Facebook and Google and …

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James Bond, Meet Jeff Bezos: Amazon Makes $8.45 Billion Deal for MGM

“It’s critical that mergers and acquisitions involving monopoly companies experiencing tremendous and exponential growth are met with a greater level of scrutiny,” Mr. Buck said. Amazon’s revenue for the first quarter of 2021 increased 44 percent to $108.5 billion, the company’s fastest rise in almost 10 years. Amazon’s entertainment strategy has evolved as streaming services …

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Amazon Accused of Manipulating Prices by D.C. Attorney General

Prosecutors asked the court to block Amazon from engaging in the practices that it argued increased prices. They also requested that the court “remove any ability of Amazon to harm competition,” including by changing its structure. Today in Business Updated  May 25, 2021, 2:46 p.m. ET Amazon has attracted particular attention from critics because of …

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Amazon’s Great Purge

This article is part of the On Tech newsletter. You can sign up here to receive it weekdays. Today I want to talk about a semi-mysterious purge of products on Amazon. Shoppers probably haven’t noticed, but these evictions tell us a lot about untrustworthy internet reviews and they show both the power and the limitations …

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