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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: tjscott0   😊 😞
Number: of 4460 
Subject: California-Alleges Amazon Price-fixing Conspiracy
Date: 02/26/26 8:20 AM
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thebignewsletter.com - Amazon busted for widespread price

Yesterday, California Attorney General Rob Bonta filed for an immediate halt to what he says is a widespread price-fixing scheme run by the largest online retailer in America, Amazon. “Amazon tells vendors what prices it wants to see to maintain its own profitability,” Bonta alleged. “Amazon can do this because it is the world’s largest, most powerful online retailer.”

His claim is that Amazon has been forcing vendors who sell on and off the platform to raise prices, and cooperating with other major online retailers to do so.

Vendors, cowed by Amazon’s overwhelming bargaining leverage and fearing punishment, comply—agreeing to raise prices on competitors’ websites (often with the awareness and cooperation of the competing retailer) or to remove products from competing websites altogether. , and it should be immediately enjoined.

Also in the article is the claim that in 2020 82% of US household are Amazon Prime members. I admit to being surprised at that factoid. Thus I am in the minority in not being an Amazon Prime member. When I look online for a product, my go to sites are Amazon & WalMart. Most stuff I ordered is from WalMart. YMMV

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