A new paper suggests that Amazon’s negative cash flow rapid expansion story may in fact conceal a long-term predatory pricing strategy that violates existing antitrust laws. In January of this year, Amazon briefly became the world’s most valuable public company (It has since lost that title to Apple). Achieving this milestone marked a high-water point in the firm’s meteoric rise. But perhaps even more noteworthy is the fact that Amazon attained this venerated position without turning in any significant profit. In fact, if a careful observer overlooks the GAAP loopholes that allow Amazon to dress up its … Continue reading Is Amazon Violating the Sherman Act?
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