How does Amazon dominate ecommerce?

ZAK STAMBOR | September 10, 2019

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In late July, U.S. Treasury Secretary Steven Mnuchin leveled an explosive claim on CNBC, declaring Amazon has “destroyed the retail industry across the United States” and there’s “no question” it has limited competition. The comment was Mnuchin’s reaction to a U.S. Justice Department announcement a day earlier that it was opening a broad antitrust review of large technology companies that would include how the retailer has “achieved market power” and how its practices may be reducing competition, stifling innovation or otherwise harming consumers. While the Justice Department didn’t state which companies it was looking into, it is widely believed that Amazon is in its cross-hairs.

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