Today, we’re serving you the hottest teas.
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POST OF THE WEEK
BLACK MARKET
Amazon’s continually serving its sellers and customers. But they’re also busy tending to its two new lawsuits. The Verge reported the details, and if you’ve been following the drama with the FTC, some of these might ring a bell. 🔔
Lawsuit #1: The Prime trap
If this sounds familiar, it’s because the FTC already took action against Amazon over the same dark pattern issue back in June.
Lawsuit #2: Monopoly moves
The kind of deal mentioned, known as a “most favored nation” clause, has been under fire in other states, too. The District of Columbia and California have taken action against it, but the former's case was thrown out. 🗑️
Lawsuit #2.1: The Buy Box controversy
This echoes the FTC's antitrust case against Amazon, supported by multiple state AGs. It highlights how such control can lead to anti-competitive behavior and consumer deception.
Amazon fires back
Amazon spokesperson Tim Doyle criticized the Arizona AG for filing lawsuits without reviewing Amazon's documents, calling the allegations a “fundamental misunderstanding and mischaracterization” of their business practices.
Doyle emphasized that Amazon's operations aim to offer fair prices and services for consumers and sellers, contrary to the lawsuits' claims. ❎
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BITES OF THE WEEK
HOT TOPIC
ICYDK, TikTok is facing several issues: from data privacy risks to the spread of misinformation. Now, there’s another significant problem: a possible ban in the U.S. 🚫
A bill passed by the U.S. Senate and signed into law by President Biden in late April 2024 could ban TikTok if its owner, ByteDance, doesn’t sell the app within the next year.
However, according to Reuters, some sellers are worried about the impact of this bill.
Why do some sellers oppose the ban?
🤹♂️ Finding the perfect balance
The question is: can we protect our digital borders without crushing the hopes of small business owners? Let's hope for a solution that balances both: keeping our data safe while leaving the door open for small businesses to thrive. 🌱
ACTIONABLE ADVICE
Consumers nowadays are more conscious of their buying choices. Aside from the products themselves, they’re making considerable efforts to choose “sustainable” businesses.
In a world full of single-use plastics, how can you practice sustainability The Entrepreneur shares some ways:
The main problem in business is making more but selling less. Minimize overproduction by predicting product demand. You can use AI to calculate these numbers for you!
Choose biodegradable or reusable packaging solutions. Although some eco-friendly packaging materials like honeycomb paper packaging cost more than those made from plastic, it’s worth investing in this in the long run.
This way, you can plug that you’re a sustainable brand without being accused of “greenwashing.”
If you don’t have the budget to buy eco-friendly packaging, you can always reuse or recycle what you currently have! Don’t throw out box packages or tags on your bulk purchases. These come in handy when packing orders.
