HOW AMAZON CRUSHED STARTUPS BY INVESTING TO STEAL IDEAS & LAUNCHING COMPETITORS | WHAT REALLY HAPPENED

HOW AMAZON CRUSHED STARTUPS BY INVESTING TO STEAL IDEAS & LAUNCHING COMPETITORS

In recent years, Amazon has invested in a lot of start-ups thus, gaining their proprietary information. This helps Amazon to crush smaller companies by launching similar products in the market that end up competing with the one’s the start-ups launched.

This was initially reported by The Wall Street Journal’s Dana Mattioli and Cara Lombardo. The journalists spoke with many founders, investors, and advisers, of different start-ups who said Amazon met with or invested in their companies, only with the sole motive of later building its own products that directly competed with the smaller company.

Owing to the popularity of Amazon, the Amazon-made products often went on to crush the competition and the smaller companies.

LivingSocial, a deals website in which Amazon took a 30% stake says that it began requesting the access to company’s data, it even hired away some of their employees and contacted LivingSocial’s clients offering them better deals.

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