How big business exploits small business

“Just a handful of companies — Uber Eats, Grubhub, Postmates by Uber (which Uber recently acquired), and DoorDash — control the majority of the restaurant food delivery market; restaurants have little choice but to pay whatever fees and commissions they charge.”

Actually, restaurants are complicit (be that as it may, getting the short end of the stick) in #pricefixing schemes established by these platforms, and they do have a choice. This is why these small businesses can’t take #platforms to federal courts, but #consumers and the #government can and some already have.

If two businesses, such as Amazon Marketplace and a small third-party #seller agree to something, such as #priceparity, consumers suffer in the end because other #entrepreneurs have no reason to build them an alternative and cheaper platform — we can’t compete with price fixing without establishing an alternative price fixing scheme. We have to hold all parties accountable for their unlawful actions, and every price fixing agreement has at least two parties to it.

Once this concept is solidified into proper response, rather than a witch-hunt, e-commerce and a vast number of antitrust issues that currently reside within it will resolve themselves organically

#pricefixing #antitrust #bigtech #ecommerce #marketplace #entrepreneurs #startups #megarounds #gigeconomy #shermanact #ftcact #canofworms Federal Trade Commission U.S. Department of Justice

Author: Litesand

Antitrust, real estate, e-commerce, fintech, proptech, bigtech

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