Amazon’s business dominance is a many-tentacled thing

05/27/21 • 8 min

1 Listener

It’s a big news week for Amazon. First, it got sued by the District of Columbia on antitrust grounds. The lawsuit accuses the company of preventing sellers on its marketplace from offering better prices elsewhere. Then, in another part of its business, Amazon announced that it was acquiring one of the world’s oldest film studios, MGM, which was founded in 1924. So even as big as Amazon is, it just keeps getting bigger, but not in one single market. “Marketplace Tech” host Molly Wood speaks with Rebecca Allensworth, a law professor at Vanderbilt University. She said that makes antitrust enforcement tricky and that it reminds her of another old company: Standard Oil.

Your support makes our journalism possible — become a Marketplace Investor by Thursday to help us reach our fundraising goal: marketplace.org/givetech

Your support makes our journalism possible — become a Marketplace Investor by Thursday to help us reach our fundraising goal: marketplace.org/givetech

Previous Episode

The Apple-Epic antitrust case was a spectator sport

Legal arguments between Apple and Epic Games wound down this week in federal court. Some have called it the Super Bowl of antitrust cases. No flashy halftime show, though, but the trial did have mighty opponents, wild fans and a whole lot of cash. Epic, the maker of the video game Fortnite, argues Apple’s whole operating system is a monopoly and complains about the 30% cut of app sales it takes. But Apple says its tight controls ensure the security of apps in its store. A decision isn’t expected anytime soon. Marketplace’s Meghan McCarty Carino asked Adi Robertson, a senior reporter with the Verge, what we can take away from the case.

Your support makes our journalism possible — become a Marketplace Investor by Thursday to help us reach our fundraising goal: marketplace.org/givetech

Next Episode

Companies keep overpromising about AI

The insurance company Lemonade is all about automation. To file claims, customers upload a selfie video and Lemonade’s chatbot, AI Jim, will handle some claims automatically. On Twitter this week, Lemonade got in trouble suggesting that AI handles fraud detection and uses nonverbal cues to assess some claims. Researchers said that capability doesn’t exist and could be discriminatory. Lemonade quickly downplayed how much AI it uses and said it’s not based on physical features. “Marketplace Tech” host Molly Wood speaks with Ryan Calo, a professor of law at the University of Washington who studies emerging tech and policy.