What's Amazon's market share? 35% or 5%?
I think most people recognize and understand that amazon neither has a relevant market share nor a monopoly in the traditional sense of the word. The author makes a good point that it is very much political as much economic.The latter is important because the traditional understanding of a monopoly is somewhat antiquated with tech and has led to many people arguing to change its definition.The most prominent example is Lina Kahn's wildy successful/read paper in the Yale Law Journal about amazon's antitrust paradox and how a company can operate in monopolistic ways without having a significant market share.https://www.yalelawjournal.org/note/amazons-antitrust-parado...A similar case is Apple and Spotify competing to grow their music streaming service.It will be interesting to see how the current political framework is adjusted for this new economy dominated by big tech.