Interesting that you mentioned diapers. This is a quote from page 398 of the subcommittee report -
>The Subcommittee’s investigation identified several instances in which a dominant platform was pricing goods or services below-cost in order to drive out rivals and capture the market. For example, documents produced during the investigation revealed that Amazon had been willing to lose $200 million in a single quarter in order to pressure Diapers.com, a firm it had recognized as its most significant rival in the category. Amazon cut prices and introduced steep promotions, prompting a pricing war that eventually weakened Diapers.com. Amazon then purchased the company, eliminating its competitor and subsequently cutting back the discounts and promotions it had introduced.
I'm curious... After reading that, do you still feel the same way about Amazon?
Price might not mater to many on HN but to millions of people it does.
That's a fair point, and I was generally aware of Amazon's behavior in matters like this, and some general overall effect on consumer surplus. Does it bother me enough to make me cancel my subscribe and save to drive to the store and lug the box of diapers to my car? No. I'm fine with letting the government make the rules on what is economically destructive behavior.
>The Subcommittee’s investigation identified several instances in which a dominant platform was pricing goods or services below-cost in order to drive out rivals and capture the market. For example, documents produced during the investigation revealed that Amazon had been willing to lose $200 million in a single quarter in order to pressure Diapers.com, a firm it had recognized as its most significant rival in the category. Amazon cut prices and introduced steep promotions, prompting a pricing war that eventually weakened Diapers.com. Amazon then purchased the company, eliminating its competitor and subsequently cutting back the discounts and promotions it had introduced.
I'm curious... After reading that, do you still feel the same way about Amazon?
Price might not mater to many on HN but to millions of people it does.