Summary of How to Fight Amazon (Before You Turn 29)

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Companies like Amazon, Facebook and Google have acquired an unprecedented amount of influence over people’s lives, and inevitably, there is pushback. In the United States, 29-year old legal scholar Lina Khan has become the face of a new movement that attributes the companies’ unfettered expansion to outdated antitrust legislation. Writing for The Atlantic, Robinson Meyer has written a lively portrait of Khan’s activism. To find out why Khan believes Amazon hurts consumers despite offering low prices, getAbtract recommends you read Meyer’s insightful analysis.

In this summary, you will learn

  • How Amazon became so big so fast and
  • Why Amazon hurts consumers in the long term. 
 

About the Author

Robinson Meyer is a staff writer at The Atlantic, specializing in climate change and technology.

 

Summary

Amazon today receives 44% of all US online sales and its market capitalization has grown to three times that of Walmart, America’s top traditional retailer. Two business practices have enabled the online retail giant to grow so big so fast: First, Amazon has been willing to slash prices and forgo profits in exchange for investing in new services. Second, it has integrated vertically by expanding into new business areas such as book publishing, movie production, clothing design and cloud storage. Amazon’s rapidly expanding market clout has consequences for other businesses. After Amazon acquired Whole Foods, for example, the grocery sector’s overall market capitalization instantly dropped by $37 billion.


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