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Amazon Under Fire: Is Antitrust Action Likely?
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Amazon Under Fire: Is Antitrust Action Likely?

Knowledge at Wharton·@HashtagPLUS·about 1 month ago
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Recently, Seattle-based online retail giant Amazon has faced a series of accusations by President Trump about its business practices. But despite the targeting, the company would likely survive any attempts to bring antitrust action against it, experts say.   In his tweets over the past week or so, Trump has accused Amazon of saving on shipping costs through low-priced deals with the U.S. Postal Service and causing the latter to lose money. He has also attacked The Washington Post newspaper, which Amazon founder and CEO Jeff Bezos owns.   In his first tweet on March 29, he accused Amazon of “putting many thousands of retailers out of business.” Two days later, he cited reports to say that the USPS loses $1.50 on average for each package it delivers for Amazon. Minutes later came another tweet that if the USPS increased its parcel rates, Amazon’s shipping costs would rise by $2.6 billion.…

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