Amazon should be broken up, says e-commerce giant's second employee. As data prices go up, streaming wars heat up.
We Are On A Break: Paul Davis was the second employee hired by Jeff Bezos to work for Amazon back in 1994. Today, he is a proponent for breaking up the e-commerce behemoth.
Davis recently told media platform ReCode: "...the company that operates the marketplace is also a retailer. They have complete access to every single piece of data and can use that to shape their own retail marketplace."
Similarly, last week, Davis commented on a New York Times article on Amazon by saying: "For nearly two decades. Amazon has used its control of its marketplace to strengthen its own hand as a retailer. This should not be allowed to continue." The Hindu
Netflix and Pay the Bill: The streaming wars are about to get even more brutal.
India's top three wireless carriers hiked data tariffs by c. 41% earlier this month. Coupled with the economic slowdown and dampening consumer sentiment, this means people could be less willing and less likely to spare money for over-the-top (OTT) platforms like Netflix, Amazon Prime, Hotstar etc.
To race ahead, streaming platforms are announcing various offers and slashing rates. To read more on how companies are dealing with the cut-throat competition and rising costs, click here.
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