Amazon's easy ride to meet increasing friction
Technology giants are finally being singled out for increased public and regulatory scrutiny. Privacy violations, massive power to manipulate public opinions and disruptive market influence are now in the open. Reuters reported that the US President said that he would take a serious look at policies to address what he says are the unfair business advantages of online retailer Amazon. We too have a problem with large US technology corporations that use capital from the markets to subsidise their loss-making operations. This distorts the economic environment – big time.