this post was submitted on 27 Jul 2023
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Amazon faces potential break-up as FTC finalizes antitrust lawsuit | The FTC is getting ready for the big one::undefined

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[–] DragonAce@lemmy.world 113 points 1 year ago* (last edited 1 year ago) (4 children)

Who in the fuck do they think they're fooling? There hasn't been any sort of large corporate antitrust breakup since Bell Systems in the early 80s. They expect us to believe that after 40 years of inaction, suddenly they're going to do their jobs again? This is nothing but pandering to pad approval ratings. I would love to be wrong, but I'm not getting my hopes up.

[–] bobs_monkey@lemm.ee 25 points 1 year ago

This smells like fodder just in time for election season

[–] limit@lemmy.world 22 points 1 year ago (1 children)

Dude, the 80s wasn't 40 years ago...

Damn I got old..

[–] thereisalamp@reddthat.com 4 points 1 year ago (1 children)

The 80s will always be 20 years ago. Y2k was ten years ago, the 2010s didn't happen and we're both old.

[–] dragonflyteaparty@lemmy.world 2 points 1 year ago

Damn, there might be a group of us.

[–] JollyTheRancher@lemmy.world 17 points 1 year ago (1 children)

The FTC has actually been crazy busy this administration - https://www.ftc.gov/news-events/news/press-releases - they're really doing far more than at any other point in my lifetime.

[–] Reverendender@sh.itjust.works 9 points 1 year ago (1 children)

I fully support the FTC burning it all down, but then I read this paragraph, and it did not give me confidence: “The FTC has had Amazon in its sights this year. The company recently agreed to a $5.8 million settlement with the Commission over Ring privacy violations that included employees spying on customers. And in June, the FTC sued Amazon over "deceptive" Prime subscription tactics.”

5.8 million is probably Jeff Bezos’s weekly cheese budget. It’s loose change in his car seat.