Date: January 28, 2019
They Said It!
Amazon Acting As An ‘Extortion Machine’
Open Markets Institute fellow Matt Stoller criticized Amazon for cornering market on communications channels.
“Matt Stoller, a fellow at The Open Markets Institute, called Facebook and competitors like Google and Amazon ‘extortion machines.’ ‘[They] have placed themselves effectively as essential communications services that you have to use. Not just as a consumer but as a producer, whether you’re producing news or sports or entertainment. Increasingly you have to go through those communications channels to get your product to market.’” (CNN, “Alexandria Ocasio-Cortez calls Big Tech giants’ dominance ‘unsustainable‘,” Donie O’Sullivan and Gregory Krieg, 1.27.19)
To read the full article, click here.
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The Free & Fair Markets Initiative (FFMI) is a non-profit coalition of businesses, consumer advocacy groups, workers and community activists committed to scrutinizing and highlighting emerging market trends that are stifling competition and innovation, influencing federal and local government spending, putting consumer data in harm’s way and limiting consumer choice. For a list of members, please visit https://freeandfairmarketsinitiative.org/about-us/members/. For more information on the Free & Fair Markets Initiative, please visit https://freeandfairmarketsinitiative.org.