It’s time to confront Amazon’s secret monopolies

At 3 PM ET on July 16, tens of millions of shoppers flocked to Amazon to celebrate the cornucopia of capitalism known as Amazon Prime Day. However, rather than finding deals, these shoppers were largely greeted with photos of cute dogs, Amazon’s now infamous error page. In response, Amazon’s stock tumbled as the retailer was faced with a crisis of epic proportion. Only two of the above three statements are true. Despite, an outage that frustrated millions of shoppers, Amazon’s stock opened trading on July 17 down less than one percent. Amazon’s website crashed on its most important day of…

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