Amazon Targeted by New popular & Small Business in world Wide | 2021 Bionick

 

The coalition said its goal is to "stop tech monopolies, like Amazon, from cornering the web market by breaking them up and regulating them."

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 variety of local and regional business organisations.

The coalition website said its goal is to "stop tech monopolies, like Amazon, from cornering the web market by breaking them up and regulating them."

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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 facility of tech platforms and calling for tougher antitrust enforcement and new legislation to form it easier to dismantle some firms.

"By restoring competitive markets, we will unlock the potential of usa citizens to grow successful businesses and build an economy that's more prosperous, equitable, and innovative," the group said.

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It specifically named Amazon, saying the company's "stranglehold over online commerce is one among the highest 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 upon its platform."

Amazon pushed back at the claims that it stifles competition, arguing during a statement that "self-serving critics are pushing misguided interventions within the free market that might exterminate independent retailers and punish consumers."

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

What is the simplest phone under Rs. 15,000 in India right now?

 We discussed this on Orbital, the BIONICK TECH podcast. Later (starting at 27:54), we speak to OK Computer creators Neil Pagedar and Pooja Shetty. 

Orbital is out there on Apple Podcasts, Google Podcasts, Spotify, and wherever you get your podcasts.