Big Tech is getting a second look from people who blindly trusted them.
Facebook and Twitter have been scrutinized for their black box policies and actions.
Now Jeff Bezos unloaded as his fortunes just took a major hit over one dishonest practice that will have you wagging your finger.
Amazon was scolded for a dishonest thing they’re doing.
The Italian government is going after them.
The company was given a hefty fine for non-competitive practices.
“Italy’s competition authority announced on Thursday that it has fined Amazon roughly $1.3 billion (€1.129 billion), alleging that the company “has harmed competing operators” by abusing its dominant market position and pushing third-party sellers to use Amazon’s logistics service Fulfillment by Amazon (FBA)…Italy’s Competition Authority — formerly known as the Autorità Garante della Concorrenza e del Mercato (AGCM) — went on to explain that sellers who take advantage of FBA receive ‘exclusive benefits,’ such as the company’s paid loyalty program, Amazon Prime.”
Amazon has previously been accused of promoting its own marketplace products over other sellers’ brands.
That’s one of the many ways Amazon can throw around their muscles.
Amazon is also the largest web hosting service, which means they can yank services from companies for ideological reasons.
That’s precisely what happened to Twitter competitor Parler at a time when it was the most downloaded app in the world.
The establishment didn’t want Parler usurping Twitter and giving Donald Trump a voice (after he was booted from Facebook and Twitter), so Apple, Google, and Amazon colluded to effectively kill the upstart app.
Italy’s AGCM regulators said:
“Amazon thus prevented third-party sellers from associating the Prime label with offers not managed with FBA…The investigation found that these are functions of the Amazon.it platform that are crucial for the success of sellers and for increasing their sales…Finally, the stringent performance measurement system to which Amazon subjects non-FBA sellers is not applied to third-party sellers who use FBA and failure to pass this can also lead to the suspension of the seller’s account.”
In addition to manipulating the market, Amazon bigwigs have begun censoring books.
For example, “When Harry Became Sally,” a scholarly observation of the transgender movement, was banned from the site.
Other books have also been blocked from advertising on the platform.
People trusted Big Tech way too much, and companies like Amazon are abusing their power.
Meanwhile, Amazon founder, Jeff Bezos has unloaded more than $9 billion in company stock this year, according to Bloomberg.
Thanks to “woke” capitalism, Big Tech giants are putting their fingers on the scale and determining what people can and cannot see – and now we know much of their manipulation is done for their own profit.
Stay tuned to Unmuzzled News for any updates to this ongoing story.