The phenomenon, which economists have dubbed the “Amazon Effect,” happens because rivals tend to follow Amazon’s lead to match each other on online pricing.
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Posted inBusiness
Amazon extends ban indefinitely on police use of its facial recognition technology
The tech giant said in June that it would freeze the technology’s police use for a year.
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Posted inBusiness
Amazon blocked 10 billion listings in counterfeit crackdown
The company destroyed 2 million counterfeit products sent to its warehouses last year before they could be sold.
Posted inBusiness
Amazon is opening a hair salon
The London storefront will have tablets at every chair and augmented reality to test styles and colors.
Posted inBusiness
What to know about the Amazon union vote
The count could take days or even longer depending on how many Bessemer, Alabama, warehouse workers cast a ballot.
Posted inBusiness, Nation / World
Amazon founder Jeff Bezos stepping down as CEO
Bezos has held the role since he founded the company nearly 30 years ago.
Posted inThe Franklin Journal
Local businesses raising awareness of Amazon’s monopoly
Farmington bookstores join national campaign #BoxedOut against Amazon’s monopoly practices.
Posted inBusiness, Nation / World, News
Some Instacart, Amazon workers strike as jobs get riskier
Some workers have walked off the job to demand greater safeguards, even as both companies are speed-hiring hundreds of thousands of new workers.
Posted inBusiness
Aggressive Amazon tactic pushes you to consider its own brand before you click ‘buy’
The feature shows the e-commerce giant’s power on the country’s dominant online retail site.
Posted inBusiness, Nation / World, News
Amazon Prime Day is a bonanza for porch pirates too
Prime Day’s limited 48-hour window creates an opening for thieves to make their move.