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Date: February 4, 2019
Contact: mediacenter@freeandfairmarketsinitiative.org

They Said It!
Amazon Relies On Government Handouts Amid Slowing Growth

Kevin Kelly, Benchmark Investments CEO and Managing Partner: “The important thing to note is investors are going to focus on profit margins, and that’s why Amazon wants tax incentive packages. Because when you do have slowing growth, you need to focus on those margins, and we’ve seen stiff competition impact those profit margins. (FOX Business, “Countdown to the Closing Bell,” 1.31.19)

To watch the full clip, click here.

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ABOUT THE FREE & FAIR MARKETS INITIATIVE

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.