this post was submitted on 06 Sep 2024
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He found a flaw in the system and exploited it. Although he didn’t do anything particularly wrong, the tools he used allowed him to do it. Yet, somehow he has to pay the consequences and the companies that made the tools to exploit the system are not liable. Got it.
America's darling Jeff Bezos exploited a flaw in his book suppliers policies to gain an unfair edge on competitors in the early days of Amazon. Best business man ever: give him the key to the city and a dick-shaped rocket ship.
He also got rich daddy and rich friend money to get money for his totally original and non-derivative idea of "selling things online". Maybe that's where this guy went wrong? No rich daddy?
The "selling things online" idea had been tried repeatedly before Amazon, and always failed. What Bezos did was find a way to actually (eventually) make money at it. That was a business strategy tour de force that was quite impressively executed. That's not to say that Bezos is a good employer or a nice person. But it's often the case that it's not the originality of the idea that matters, as much as how it's executed.
I believe in a well-regulated market he wouldn't have found success like he did. Running for 8 years off of parents and VC/stock influx of millions of dollars screams anti-competitive to me. At the very least if we had decent privacy protection laws then the early data harvesting and business application probably would've been looked into at the start and shutdown, or else the company broken up from a monopoly once it started strangling whole sectors.