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That may be so, but now that it can afford it, Amazon has every intention of becoming a monopoly in the markets it enters. It's why they bought the #1 retailer in the Middle East, too:

http://www.latimes.com/business/technology/la-fi-tn-amazon-s...

People love Amazon now, but I think it's time to fear it. They're already in bed with governments for multi-billion contracts, and are aiming for monopoly power. They won't behave well for much longer, and I'd argue they've already started behaving badly (raising prices on consumers, lowering commissions on affiliates, and so on).




> I think it's time to fear it.

as a consumer, i agree. but so do a lot of companies.

Run down the list of private sectors that spend the most on information technology -- health care, banking, retail, insurance -- and all of them worry Amazon is coming for them.

https://www.bloomberg.com/gadfly/articles/2018-02-15/worried...


The acquisition of Souq was mainly a response to the announcement of Noon, a $1 billion Souq competitor out of KSA.




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