This podcast explores how Amazon is tightening its grip on both buyers and sellers, resulting in higher prices and lower service quality. The company's profits have surged, doubling year-over-year, largely due to increased fees from sellers, which can now take up to 61% of their revenue, along with a boost in advertising income. At the same time, Amazon Prime is struggling, with slower shipping times and more complex return processes. The FTC has stepped in, suing Amazon for monopolistic practices, claiming the company manipulates prices and search results to favor its own products, ultimately hurting both sellers and consumers.
