Jeff Yastine: Challenges to Amazon Market Dominance

Jeff Yastine is an individual who has a long track record of quality journalism in the finance industry. In 2015 he joined Banyan Hill Publishing Company as the chief editor of Total Wealth Insider a weekly financial editorial that helps to inform the American people about profitable investment opportunities. Prior to his work with Banyan Hill Publishing Company, Jeff Yastine had already had a long and prosperous career as a financial journalist. In particular, he was noteworthy for his role on the PBS The Nightly Business Report from 1994 until 2010 as both an anchor and a correspondent. He won an Emmy nomination for his journalistic work on a project involving America’s infrastructure system. View Jeff’s profile on Linkedin.

Jeff Yastine has recently commented on his belief that the market dominance that is currently being enjoyed by Internet retail giant Amazon could be potentially about to end. There have already been some statements made by both the president of the country and a formal Walmart senior executive that have cast some doubts on the continued dominance by Amazon.

There have been statements made that the market dominance currently enjoyed by Amazon is causing a number of retail businesses to close their doors while Amazon is not actually in the retail business. This being called predatory and anti-competitive. Jeff Yastine believes that in the near future it could come to pass that Amazon is accused of violating antitrust laws. Antitrust laws are pieces of legislation that have been designed in order to ensure fair business practices on a free and open market. In some cases whenever a business or corporation becomes too large, it will begin it to engage in business practices that benefit itself at the detriment of other companies and even consumers.

In 2017 there were 26 retail corporations that filed for bankruptcy that had liabilities in excess of $50 million. There have already been a string of retail corporations that have declared bankruptcy this year as well. It is believed that these practices could be tied to antitrust violations. There have already been some government actions against Amazon in other nations due to suspicion of antitrust violations. These violations more than likely will not come from predatory pricing alone. However, it is possible that by taking a closer look at the way that Amazon monopolizes the market it will be possible to uncover some other violations of antitrust laws. If this is true, then there could be significant challenges for Amazon ahead. Visit: https://stocktwits.com/jeffyastine

 

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