Comment by foxyv
2 years ago
This is another indication that we need to start breaking up large corporations. In a competitive market this wouldn't fly. You would be out-priced by your competitors and go out of business. EG: Why buy chicken at $4/lb from Tyson when you can buy it from 10 other companies for $1/lb.
But when you are such a huge percentage of the market you can easily watch your competitors (If you have any) run out of stock and raise their prices as well. I hope this gives the FTC a ton of ammunition in their future legal battles. Although I'm not optimistic, considering they are less funded than the legal departments of the corporations they are going up against.
No comments yet
Contribute on Hacker News ↗