HomeNews & PoliticsRelated VideosMore From: CNNMoney

Is Amazon a monopoly?

348 ratings | 28361 views
Amazon dominates online retail and is one of the most valuable companies in the world. But are consumers harmed by its low prices? CNN's Jon Sarlin reports.
Category: News & Politics
Get embed code!
Text Comments (98)
The Legend (2 days ago)
Dream on Amazon will never be brought to court for Monopoly because their core business they compete with Alibaba.... AWS competes Google Cloud, MS Azure Alibaba Cloud.... Amazon Music competes with Spotify, Apple Music, Deezer, YouTube... so please justify a monopoly in that?
WOWCruiser (7 days ago)
I wanna do this guy 😘🍆
E. B. C. (29 days ago)
Oligopolistic characteristics.
Pattamadai K Sivaswami (1 month ago)
Of course it is ? But Amazon Jeff , Walmart only funded majorly China to become Economic power and thus made China Aggressors of world with Always Communists mindset and trying to make Democracy dead
jake black (1 month ago)
I see no problems here. Amazon can't raise prices without quickly losing market share to a new tech company. The tech revolution has decreased company life span and made companies obsolete the second they stop improving service.
Bailey Henderson (1 month ago)
Frsh will make walmart beg for mercy
Tomas T (1 month ago)
Predatory pricing is fully illegal in German capitalism, and it's one of the things that make it so great. Thanks to cost accounting being legally recognised in the german speaking countries, these countries have an objective way of defining 'predatory pricing'.. Something the American capitalist would find very hard to implement indeed.
NzmAnh Dee (1 month ago)
It’s actually an Oligopoly. Simply because of Google, Walmart and some others.
NzmAnh Dee (1 month ago)
Answer: Yes. Is it a big deal? NO.
Richard Conte (1 month ago)
Yes. They are a monopoly. Amazon buys companies now. They recently bought whole foods. They bought Urban Express messenger service in N.Y.C. Who knows what other company they will buy.
Lord Slayer (1 month ago)
It’s not a monopoly as there is eBay that is kind of like a competition to amazon.
Noe Ruiz (1 month ago)
Amazon Prime movies suck!
Fishman 02 (1 month ago)
YOU ARE OUT OF FOCUS
Trolly Polly (1 month ago)
I Dont care the stock price had pretty much tripled my money in a few years
Ji Li (1 month ago)
Monopoly? If I can always buy the cheapest product from Amazon. Who the fuck care wether he is monopoly?
Atipat12 (1 month ago)
Hahahaha 🤣🤣🤣🤣🤣
Dr. Manhattan (1 month ago)
No. The ticket to entry is pretty expensive but Amazon isn't selling the tickets.
Umair Yaqoob (1 month ago)
Monopoly is good in market that changes very fast
Rodolfo Alejandro Rojas Díaz (1 month ago)
Umair Yaqoob what do you mean ?
Sofa King (1 month ago)
Answer, YES! IT IS A HUGE MONOPOLY BREAK IT UP
Objective Ninja (1 month ago)
Is Amazon a monopoly? Is the NSA spying on you? Is the sky blue? These are the hard questions in life.
alvin trieu (1 month ago)
Amazon's cloud business is off setting their e-commerce loss. So, to say they are making a profit is slightly misleading, but I don't think anyone cares.
Ernesto Reyes (1 month ago)
Fuck that lady! Dont mess with my Amazon!
GamingTV (1 month ago)
not an easy question to answer? pretty sure you can buy things from hundreds of different sites and physical stores, far from a monopoly
C. Lincoln (1 month ago)
Ricky Martin working for CNN now?
Who's Scott Green (1 month ago)
waaaaaah waaaaaaah, other companies need to figure it out or quit. World will not stop spinning just for you Wal-Mart
k z a (1 month ago)
YES
Stan M (1 month ago)
Is the dollar store a monopoly? Walmart?,
Robert Dimarco (1 month ago)
No
Bala Iyer (1 month ago)
come to India and see Flipkart
rao siddharth (1 month ago)
Bala Iyer bro they are going to buy Flipkart by this year end
CloudGamer17 (1 month ago)
India is a shithole
Bala Iyer (1 month ago)
Earth Mars then what it is you unknown account mfer
Earth Mars (1 month ago)
Loo Flipkart isnt even Indian you dumb hindu indian idiot hahahahha dumb hindu indiana
Abin Cb (1 month ago)
Bala Iyer even in India Amazon ruling they growing faster than flipkart
Sese Talitau-Tio (1 month ago)
When it either buys Walmart its going to be legit.
Alberto Portugal (1 month ago)
Are you a boi
Man Dendon (1 month ago)
do they not teach vertical integration in school anymore
Nabriales (1 month ago)
Wait, what? What about eBay??? Just because Amazon is winning doesn't mean that they're a monopoly.
H Z (1 month ago)
Soo they are trying to sue Amazon for offering consumers good and cheap price items?
cairo (24 days ago)
Now they are the best, but what will guarantee to stay like that?
NzmAnh Dee (1 month ago)
Becoming Vincent cause they’re the best.
Becoming Vincent (1 month ago)
no, because they prevent others from competing on prices
Code and UI (1 month ago)
Amazon does not price items. The sellers that sell on it do.
Modern Caveman (1 month ago)
Code and UI Amazon also sells items on there
Code and UI (1 month ago)
Whats the other part?
John Smith (1 month ago)
You're half correct.
moviedude22 (1 month ago)
Short answer: Yes Long answer: Heck yes!
Master meme (1 month ago)
Haha, beat me to it.
Rishi Joe Sanu (1 month ago)
No.
Scott Simmons (1 month ago)
No
Anton 99 (1 month ago)
People still use Amazon? Lmao I just get whatever I want within 10 minutes
Anton 99 (1 month ago)
NO NAME ARTIST ever heard of a store?
k z a (1 month ago)
Live in a city dumbass. Just walk down street to buy whatever you want. Unless you live in a suburbs ofc then sure. Going out might be a pain.
NO NAME ARTIST (1 month ago)
Anton 99 lmao how did you get it so fast?? do you use teleportation device??
Rowan Gontier (1 month ago)
Last few online purchases I made; about 95% non-Amazon by value, and about 60% non-amazon by order count. Companies are figuring out online; Amazon is not yet a monopoly.
HemiHead664 (1 month ago)
Bezos is the smartest man in the room.
Josiah Johnson (1 month ago)
This all comes down to what your priority is. If you view this through the lens of business, you'll reach some asinine conclusions. On the left, you'll resent the success of Amazon and desire to subject them to regulation. On the right, you'll see business as a positive thing and try to prop Amazon up when it eventually fails. Rather, we should view this through the lens of consumers. And letting the market have control is obviously the best way to empower consumers.
Josiah Johnson (1 month ago)
This idiot lady just said that it's problematic for Amazon to use its expertise in one area to benefit another area of their business. What the hell? Since when is it bad for a company to provide a better service to their customers?
cairo (24 days ago)
When it is totally eliminating the competition.
Nabriales (1 month ago)
Josiah Johnson I know right, she is an idiot. Many businesses has been doing that for ages and we don't hear anything about it.
Josiah Johnson (1 month ago)
Even if tech companies use "predatory pricing" to secure a consumer base that other companies have no chance of competing with, that doesn't mean we have to bring government into the equation. So long as those companies provide services the consumer is willing to exchange for voluntarily, they will continue to patronize those businesses. If the business then "price gouges," it doesn't matter. No one is being forced to buy the commodities they offer. If it isn't worth it to you, that is if you do not increase your wealth with the trade, you won't engage in consensual trade with them. It is literally impossible for the consumer to get screwed in any way.
Josiah Johnson (1 month ago)
Which section of which article of the United States Constitution authorizes the federal government to regulate the prices businesses can set?
Josiah Johnson (1 month ago)
LIna Khan is incandescently stupid. Lowering prices to defeat competition is a good thing. It only becomes bad when, after establishing a monopoly, the company jacks prices way higher than their competition ever did. But that can't work in practice since the moment they do, tons of competition will pop up. And if Amazon or any other company tries fluctuating prices heavily in an attempt to thwart competition half the time and rake in returns the other half, it won't work at all. Consumers will pick up on their practices in no time and wait for the ebb of prices before buying.
Josiah Johnson (1 month ago)
"It's not an easy question to answer." Yes it is. Monopolies by definition have 100% market share; Amazon does not have 100% share of any market. Amazon is not a monopoly.
Greggy D (8 days ago)
By that logic, if oscar meyer sold every hotdog that you could find in every supermarket in the country.. Joe dickles hotdog stand in east bumfuck New Hampshire would still hold .00001 percent of the hotdog market, setting Oscar Mayer outside the definition of a monopoly and free from regulation... 🙄
Alex Turlais (1 month ago)
Monopoly doesnt mean 100% market share, it just means controlling the vast majority
Usman Sabir (1 month ago)
Haha that's not how it works. The 100% market share is very theoretical and in true imperfect markets that's not true. That's why when a company has the ability to restrict supply, restrict consumer choice and has the ability to price discriminate in combination with usually 40% or more market share then arguments come into play for the CMA to investigate a firm for being a monopoly.
Abhyudaya Bagaria (1 month ago)
Lol; by definition you've little understanding of practical economics.
Akshay Joshi (1 month ago)
Yes. Amazon is monopoly. If someone disagrees, google - AWS and check its profits.
Barrington Morris (1 month ago)
Well...with the recent purchases in various sectors:food, drugs, technology, and much more, I say if there already not one, they are on their way.
nabeel hasan (1 month ago)
100 years ago Americans break Standard Oil becoz it was a monoply now there are an only private debates , amazon is shutting down the retail business in US.
nabeel hasan (1 month ago)
Earth Mars 😂😂😂😂
Earth Mars (1 month ago)
nabeel hasan dont you worry about the Us you Muslim terrorist
iFourier (1 month ago)
Standard Oil wasnt a monopoly(same as amazon haha) Still it got broken up.
xxnike629xx (1 month ago)
@CNNMoney Amazon *is not* really worth it. The Prime service now costs like $100 a year, and that's for the free shipping and other bonuses like Twitch Prime subscribing, but you can get more out of your month instead of shopping on Amazon and certain more value than spending a yearly subscription to their Prime services. For example, if you want to buy regular household items, you can still get your free 2 day shipping with a minimum of like $35 per order and overall spend about the same amount if you shop at like Target, Walgreen, or Walmart online. For video games and electronics, you get a way better deal through Best Buy and eBay. Best Buy as their Gamer Club Unlocked program that you pay a small amount (not nearly the $100 like Amazon Prime) and you get discounts on new games and preorders. That plus Best Buy reward points and you can easily buy lots of games and save more money than shopping on Amazon. Amazon used to be good like 5 or 6 years ago when their customer service was better and when Prime costed like $60 a year. But ever since they kept raising the price a lot for that and their customer service got worse and worse, I stopped shopping on Amazon and instead went to Walmart, Target, Best Buy, eBay, etc.
CaptainKzer (1 month ago)
The case for breaking up amazon like a monopoly because it's a political actor, so the simple scope of the company creates a problem with money in politics. Even beyond that, amazon as a dominant force in the market can substantially reduce access to certain types of items by refusing to list them. For example, amazon de-listed many items connected with sport shooting and hunting such as firearm magazines and attachments which make guns more comfortable to hold for small or recoil sensitive shooters like shorter stocks and recoil pads. Now, that isn't really a significant issue for firearm owners, sport shooters, and hunters because the hobby and lifestyle of firearms is so widespread in the US that there is already fierce competition among several online retailers of gun stuff such as Brownells, Midway USA, and Optics Planet such that even when amazon stocked the aforementioned items it didn't always have the best price. The problem arises when one considers that amazon could de-list items that are part of a less well known or less common hobby/lifestyle and effectively extinguish access to that hobby or lifestyle instantly, with no oversight, no checks and balances, and no accountability because there is no market that can be established in selling to those hobbyists because there simply aren't enough of them to sustain a business (but there could be if the hobby grew naturally and thrived upon the low prices and access to a large marketplace amazon offers. That kind of ability to muzzle an entire lifestyle is significant, and accordingly amazon should either represent an open market without a conscience and be treated like a public utility so everyone and every lifestyle enjoys equal protection under the law as guaranteed by the equal protection clause of the 14th amendment OR it must be broken up as a monopoly would be for its ability to manipulate the public without consent as an unaccountable political actor. You may not care about guns or even think about them, but think about something you like that's important to you but not many people know about. Imagine if you couldn't buy what you need to get into that hobby or lifestyle through the internet and no brick and mortar stores exist near you to supply what you need. Imagine if something like that could have happened and people weren't able to easily get rainbow flags or to get black lives matter T-shirts, or any other piece of merchandise that is more than just an item but an element of a lifestyle. Imagine those things being shut down and never getting off the ground in the first place because some corporate fat cat doesn't want them to succeed, and tell me that's not a problem.
watvid1 (1 month ago)
CaptainKzer tldr
Wendy Alexander (1 month ago)
CaptainKzer companies aren't people, so it can't be an actor.
Bo Rood (1 month ago)
Yes, they are and a rip off too. Better prices at Walmart and they deliver faster.
ClearSky Productions (1 month ago)
What the actual fuck does racism have to do with anything.
ClearSky Productions (1 month ago)
Walmart SUCKS
Bo Rood (1 month ago)
dark light Yes and they have the best deals.
Bo Rood (1 month ago)
watvid1 I see
Charan sv (1 month ago)
They treat workers like shit and I hate WaPo
WayTooFresh (1 month ago)
This is the main reason why I permamently stopped shopping at Walmart in early 2013. I was hoping for a company like Amazon to come along and dismantle Walmart. I hope Amazon can continue to win but if it gets ugly, they'll be boycotted too!
Barrington Morris (1 month ago)
WayTooFresh lol now Amazon is the new Walmart.
suharso (1 month ago)
the irony part of this is the girl keep buying from amazon
Danyal A. (1 month ago)
Even if Amazon was accused of being monopoly, they'd just bring in 5,000 of the world's best lawyers to fight on their behalf.
Greg Caesar (1 month ago)
Yes, and I’m fine with that.
im trying to break out the matrix (1 month ago)
I love Amazon it's awesome 👍😁
ragejinraver (14 days ago)
Try working there
GamingTV (1 month ago)
until benzos dies, then it'll go up in flames like apple has in recent years
A Who Snackbar (1 month ago)
Sure Amazon is awesome. But its like a snake swallowing itself. Amazon tries to sell to the same people it displaces while increasingly using robots to replace humans. Small businesses and malls are falling like a pack of cards.