Jeff Yastine joined Banyan Hill Publishing in 2015 as its editorial director and the editor of the Total Wealth Insider. He has over 20 years of experience as a financial journalist and stock market investor and also contributes to the Winning Investor Daily as well as the Sovereign Investor Daily, which are two more Banyan Hill Publications. He is good at breaking down economic, monetary, and business trends in a way that investors can understand and his writing has helped thousands of people. He worked as a correspondent and anchor with the PBS Nightly Business Report for over a decade and a half and was nominated for an Emmy. Visit Bloomberg.com to know more about Jeff Yastine.
Jeff Yastine has been noticing that Amazon is receiving more and more negative comments and that this may be a sign that people are becoming tired of having to compete with the giant. He believes that at some point a United States President will accuse the company of violating antitrust laws and that this will go badly for Amazon. Jeff Yastine has indicated through Tweets that many stores are beginning to go out of business because of Amazon. He made it clear that even though these companies were likely being run in a way that was best for them, it didn’t seem to matter; Amazon continues to crush them all.
Jeff Yastine has also made it clear that many retailers are forced to list their items on Amazon and that Amazon can also list their own similar products at a reduced price on their website. He agrees with Lina M. Khan, a legal scholar from Yale, who said that Amazon’s platform will probably be a target for antitrust regulators at some point. She also indicated that Amazon’s case is a hard one because it isn’t exactly violating antitrust laws, and she thinks some of this has to do with the way that Jeff Bezos has been able to get around them. The problem is that most retailers are forced to use Amazon and that this allows Amazon to collect a large amount of data about these retailers.
Jeff Yastine believes that the hunt is already beginning, because in Japan, an antitrust group took a closer look at the company’s offices after possible antitrust laws were broken. It found that Amazon had been passing on the charges of deals it offered to its customers to suppliers of goods and that these suppliers gave in because they would have to remove their products from the company’s website if they didn’t.