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🗓️ 2 October 2023
⏱️ 23 minutes
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0:00.0 | From New York Times, I'm Michael Loro, this is The Daily. |
0:13.4 | Last week, when the U.S. government filed a landmark antitrust lawsuit against Amazon, |
0:19.1 | it pointed to a set of familiar features that have made Amazon so beloved by consumers. |
0:26.3 | Today, my colleague, Karen Weiss, on why those beloved features may actually be illegal. |
0:42.4 | It's Monday, October 2nd. |
0:45.8 | Karen, now that the U.S. government has actually sued Amazon for monopolistic tactics, |
0:57.7 | we wanted to talk to you, somebody who has covered Amazon for years, about the very specific |
1:03.8 | ways that Amazon has allegedly broken the law. So, talk us through that. |
1:10.8 | Yeah, so the Federal Trade Commission looked at a lot of things, |
1:15.2 | but they said in the end, it boiled down to two tactics that are behind the scenes of things |
1:20.4 | that we all know. So, one is how we buy things on Amazon. When you click buy, the buy now button, |
1:27.2 | and then also prime shipping. That's super fast shipping. That is part of how things get to your |
1:32.7 | door so quickly. Right. What you just mentioned are basically the throbbing heart of my relationship |
1:38.0 | with Amazon. I assume everyone's relationship to Amazon. And you're saying those are at the center |
1:43.5 | of this federal action against Amazon. Exactly. And the government is saying there are these |
1:48.9 | very sophisticated mechanisms that let Amazon illegally maintain its monopoly. That's kind of |
1:54.7 | the core of their argument. That behind this thing is that we all see there's this grip of power |
2:00.4 | over not just the sellers on Amazon's website, but over the whole internet. |
2:04.6 | Okay. So, I want you to explain this behind the scenes, grip on the internet and consumers |
2:09.2 | and sellers that Amazon has developed through these two items you mentioned. And let's start with |
2:14.4 | the buy now button and how according to our government, that has been misused by Amazon. |
2:20.4 | Sure. So, the first thing you have to understand briefly is that most things we buy on Amazon |
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