Amazon's power in e-commerce and cloud computing is unlikely to be challenged anytime soon, antitrust report says

Amazon functions as “a gatekeeper for e-commerce,” exercising “significant and durable” market power in U.S. online retail, the House Judiciary Antitrust Subcommittee found after a 16-month investigation. The Seattle commerce giant’s power in online retail and cloud computing has grown during the pandemic and is unlikely to be challenged anytime soon, the panel found, serving to lock consumers and sellers into its platform.The subcommittee report, issued Tuesday afternoon by the Democratic lawmakers who control the subcommittee, also covers the outsize power of digital platform giants Apple, G…

Read More

HEDGE accordingly