![]() ![]() ![]() But it is very clear that Amazon is now a popular target in regulatory circles and on the campaign trail. It is far from a forgone conclusion that Amazon will meet with a fate as severe as being broken up. All this indicates that even if there is a new administration in the White House soon, that won't mean smooth sailing for Amazon. The fact that Amazon is also under fire for poor working conditions only makes it more appealing for pro-labor candidates. (Nearly all Democratic candidates have given some lip service to reining in big tech companies, but the ones listed above have been most strident and most specific.)Īmazon's effect on small businesses and retailers - and the visible changes that effect has wrought on American towns - make it an ideal company to rile up crowds with. Other Democrats, including Amy Klobuchar and Tulsi Gabbard, have suggested serious antitrust action against Amazon, too. Even apparent front-runner Joe Biden, more centrist than Warren or Sanders, has said that he is open to the idea of breaking up large tech companies. Bernie Sanders has publicly toyed with the idea, too. Among them is Elizabeth Warren, who has proposed breaking up Amazon and other tech giants. Some 2020 presidential candidates have been relatively quick to attack specific companies on the campaign trail. ![]() Treasury Secretary Steven Mnuchin went on the record to praise the DOJ's inquiry and made specific mention of Amazon, saying in an interview with CNBC that Amazon had "destroyed the retail industry across the United States." There's "no question," Mnuchin continued, that Amazon has "limited competition." Mnuchin's comments seem to confirm the expectation that Amazon is among the companies the DOJ is looking at and give a pretty clear indication that the government is not any more enamored of Amazon than it is of other tech giants. The DOJ hasn't said which companies it's looking at, but the news triggered a plunge in stock prices for Apple, Facebook, Alphabet, and Amazon.Īnd while the DOJ didn't say Amazon's name, the company did get mentioned over at the Treasury Department. Stateside worries for big techīack in Amazon's home country, the United States Justice Department is conducting an antitrust probe targeting big tech. Amazon recently cut a deal with German regulators to end a separate inquiry. ![]()
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