Amazon’s next big thing may not be what everyone expects
The Wall Street Journal has been pondering about “Amazon’s Next Big Thing”. Apparently, Amazon is now in talks with big banks, including JPMorgan Chase, about building a checking-account-like product the e-commerce company could offer its customers. WJS said that “with millions of customers, troves of data, access to cheap capital and seemingly unlimited leeway from its investors to enter new businesses, Amazon is a fearsome competitor.” We have been watching Amazon with interest, wondering when the US Government will invoke the Sherman Act, to undercut Amazon’s influence on the US and global economy. The last notable case was in 2001, against Microsoft. It was settled and Microsoft avoided being broken up. Other large corporations were not that lucky.