In October 2020 the US House Antitrust Subcommittee, chaired by Congressman David Cicilline, published its report on competition in digital markets. It conducted a full review of the market from top to bottom, focusing on the dominance of the giants in the industry: Facebook, Amazon, Apple and Google.
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Bluntly put, Amazon is always one step behind Alibaba, and its new venture into the world of luxury continues this trend. In years past, Amazon tried to replicate and even reinvent Alibaba’s model, but its track record hasn’t been impressive