The Federal Trade Commission’s latest antitrust lawsuit against Amazon has brought to light information about the company’s internal business practices. But the public is still in the dark about how exactly Amazon makes its money. ILSR Co-Director Stacy Mitchell talked to Wisconsin Public Radio about how Amazon has kept its profits under wraps and what the lawsuit could mean for the company’s future.
“Amazon has for a long time cultivated this idea that it makes very little profit on its ecommerce platform,” Mitchell explains. But the FTC lawsuit argues that the huge profits Amazon is actually making on the site is evidence that the behemoth is hindering competition.
Also read Mitchell’s article Amazon’s Big Secret,where she writes about how Amazon has kept these profits secret – and why the SEC must enforce corporate financial disclosure rules.
If you like this post, be sure to sign up for the monthly Hometown Advantage newsletter for our latest reporting and research.
The report "exposes yet another way in which dollar stores' exploitative business practices take advantage of consumers," says Stacy Mitchell in the statement.
ILSR’s Stacy Mitchell illustrates how independent pharmacies are the unsung heroes of healthcare, providing critical services that chain pharmacies simply can't match.
Oakland, California will use ARPA grant funds to construct a city-owned fiber network that will support the city housing authority's “Free Internet Initiative.”
The government's decision to stop enforcing the law in the 1980s fueled the collapse of Main Street. Now a revival is imminent.