Bezos Gets Senate Hate Mail
It’s not fan mail, that’s for sure! Three Democratic senators have put stern words with an ultimatum in a letter for the richest man in the world, Jeff Bezos. Why? Because they have an ax to grind with 0.03% of his website!
It all started in the Wall Street Journal, where a study exposed an Amazon shopping cart of 4,000 products breaking federal laws. The company should’ve policed its platform, yes — however, debates about whether it would’ve and could’ve rage on. Being a shop window of such enormous scale, humans and automated tools can only go so far as surveillance measures. Still, Bezos is receiving his slap on the wrist. Three Democratic senators all have a bone to pick with the Amazon boss over policy minutiae that he’s probably never read himself!
Just as Washington isn’t new to raising its voice, Amazon isn’t new to public scrutiny. It’s par for the course when you’re a $900 billion industry disruptor! Political momentum has been gathering to break-up the “FANG” clan, which is urban tongue in the stock market for tech giants Facebook, Amazon, Netflix, and Google. They dominate a winner-takes-all sector where network effects have inflated them into larger than life pillars of modern society. The powers-at-be don’t like that. Many in Government allege that giants like Amazon are too big to manage themselves, too big to contest, and too big to trust. Right back at ya! Many in business say the same about the Government!
So, customers should always read the reviews, investors should never act on impulse, and Bezos, up your game! Four thousand dodgy products on a website of twelve million just won’t cut it!