金融評論: 關於對亞馬遜的壟斷指控

分拆亞馬遜

 

來源: IAM3Down4Up 於 2018-03-30 17:07:33

 

Once again, despite the flurry of so-called experts who were quoted in the financial media saying President Trump has no idea what he's talking about when he tweeted that Amazon "are putting many thousands of retailers out of business", somebody with experience running one of the world's largest retailers shocked a handful of financial journalists on CNBC when he said Friday afternoon on "the Closing Bell" that, actually, Trump has a point...

 

As Bill Simon, former CEO of Walmart US, said Congress should look into splitting up Amazon.

 

"They're not making money in retail, and they're putting retailers out of business,"Simon told CNBC.

 

Simon said Amazon has operated its retail segment at a loss while relying on more profitable business segments - like Amazon Web Services - to offset these losses. The company's explicit goal is to drive its competitors out of business before seizing their market share.

 

It's because of this type of behavior that the government should intercede.

 

"It's anti-competitive, it's predatory, and it's not right," said Simon. "It's not going to hurt the big ones. Walmart can adjusted. It'll be there. Costco will continue to thrive.

 

"It'll hurt small retailers, and it'll hurt specialty chains," he said. "You see what's happened to Toys R Us and department stores. JC Penney is in trouble. And it's because Amazon sells below cost and continues to do that," Simon said.

 

"It's destroying jobs and it's destroying value in the sector."

 

 

天朝玉：

 

不一定分拆。微軟就沒有。建議讀讀  two antitrust cases, United States v. AT&T and United States v. Microsoft Corporation, and see how filing of the two cases have affected their stock prices ~ Not necessarily splitting. Microsoft didn’t split. It accepted a settlement.

 

 

隻是評論一下，跟股價短期內的漲跌沒有直接的關係

來源: WaitForMe 於 2018-03-31 23:18:47 

 

 

天朝玉：

搖頭。Antitrust law 就是解決壟斷的。如果亞馬遜有被提訴的可能，任何有關的announcements 絕對會影響短期股價漲跌，在金融學裏，這叫 wealth effects or event study of major corporate announcements  ～

 

 

如果政府啟動反壟斷訴訟，當然會有影響，有這個可能性，但是在電商領域，好象也沒有先例

來源: WaitForMe 於 2018-04-01 11:01:56 

 

 

天朝玉：

不需要先例就可以知道這種宣布會有影響的，跟在哪個工業無關。有足夠多的empirical evidence has foundthe effect significant.

 

A monopoly possesses “monopoly rent”, giving it an tremendous advantage to set very high prices, control the market share. Taking that away eliminates the rent, shrinks profit margin... On the other hand, it increases competition and lower consumer price in that industry. 這麽大的事，對它的股票不會有影響嗎？

 

It would be interesting to see how this one unfolds ~ 

 

我自己的投資裏也是有不少亞馬遜的 ：）

 

 

 

大千股壇 03/30/2018