Jeff Yastine is a well versed individual in the financial industry. He has previously worked in several areas of the market, including television as the anchor of PBS’s Nightly Business Report. Jeff Yastine later joined Banyan Hill Publishing in 2015, where he presently serves as editorial director. In addition, he contributes to the publication through the Sovereign Investor Daily and Winning Investor Daily articles. Recently two websites published articles about how Jeff Yastine viewed the future of Amazon.
First an article on the website Reporter Expert describes how President Trump recently tweeted about the negative effects of Amazon. Speculation is running high that in the near future Amazon will hit federal antitrust laws, and be forced to break up. The signs of Amazon’s effects on the economy can be seen in how 26 major retailers worth more than $50 billion, all filled for bankruptcy in 2017. In Japan, watchdog groups have already began investigating Amazon’s business practices. There could be interesting times ahead for the company. Get the latest update on his twitter to find out more.
Jeff Yastine has his thoughts on Amazon further elaborated with an article on the website Premier Gazette. Antitrust laws exist solely to promote and encourage fair business. However, since Amazon’s influence over the industry is growing, countless smaller businesses are being consumed and forced to close. In fact, Amazon was recently described as “anti-competitive” and “predatory” towards the economy. The downfall from grace Amazon may soon experience will not be pretty, but its necessary for the growth of businesses.
The financial experience Jeff Yastine has accumulated makes him a strong voice to hear in the industry. Amazon is a massively popular shopping platform with consumers. They sell nearly everything a person could need, and often at discounted rates. However as the old saying goes, the bigger they are, the harder they fall. Amazon will need to be broken up sooner or later. The economy can better flourish when consumers have many options, rather than a single mega corporation deciding everything.