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📦 The Order : Weekly Roundup - FTC Showdown
Here’s a quick roundup of last week’s news :
Amazon vs FTC - or the question of what puts the American consumer first 👩🏻⚖️
The US Federal Trade Commission thinks it has something against Amazon as it accuses the platform to have established “monopoly power to inflate prices, degrade quality, and stifle innovation for consumers and businesses”.
Unsurprisingly, Amazon doesn’t think so: “The FTC’s lawsuit against Amazon would lead to higher prices and slower deliveries for consumers—and hurt businesses” [About Amazon].
Movers & Shakers 🙌
AnyMind Group completes acquisition of Indonesian e-commerce enabler DDI [AnyMind]
Shopify invests in wholesale platform Faire [Reuters]
Sequoia Capital China Buys Discounted Stake in Prominent E-Commerce App [The Information]
About to be shaken: “Amazon Aggregator Thrasio Engages Restructuring Advisers” [Wall Street Journal]
Amazon Briefing: Sellers are shipping items to warehouses early to prepare for the holidays [Modern Retail]
$DTC going strong: “Solo Brand’s novel strategy” [2PM]
As Its U.S. Shop Opens, TikTok’s Chinese Merchants Struggle to Sell Their Mops and Soap Dispensers [Wall Street Journal]
Why Facebook, Google And Amazon Are Embracing Media Mix Modeling [Ad Exchanger]
FTC anyone? “Google Quietly Raised Ad Prices To Meet Targets” [Media Post]
Indonesia taking control: “TikTok’s E-Commerce Ambitions Stall as Global Backlash Grows” [Bloomberg]
Alibaba’s Logistics Arm Files for $1 Billion-Plus IPO [Business of Fashion]
Apparel retailers are entering the holiday shopping season with leaner inventory [Modern Retail]
Seller Velocity Conference, Oct 11-12, New York, US
Amazon Ads unBoxed, Oct 24-26, New York City, US
Amz Innovate, Nov 13-14, New York City, US
Make this week count 🙌
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