The CEOs of Amazon and Facebook have the same message to Congress and the public ahead of Wednesday’s blockbuster antitrust hearing: Our companies do a lot for America and we have plenty of competition. In written testimony released by the House antitrust subcommittee, founder and CEO Jeff Bezos touted impressive stats about his company’s investments in the U.S. and described his upbringing as...
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The Not-Amazons: Wish, Poshmark and the Race for Retail’s Soul
To say 2020 has thrown retail shopping into upheaval would be a gross understatement. HP Inc. provided the latest reminder this week when it disclosed an 18% jump in unit sales of its consumer printers, an almost retro device that, along with e-bikes, virtual reality headsets and food delivery, people have discovered they want to have while stuck at home during the pandemic. More so than in...
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