Google And Amazon: The Non Monopoly Monopolies
By Michael K. Dawson: Google (GOOG) and Amazon (AMZN) were both in the news this week. Google announced earnings and redefined the definition of a stock split. Normally stock splits are good news for investors. There were ecstatic tweets galore when the news hit. The enthusiasm turned to confusion and eventually shareholder disappointment as the move became better understood. There are numerous articles explaining the split. Here are a couple: Google's Evil Stock Split and Google's Paranoid Governance Structure Has Made It Less Innovative. Amazon made news thru a DOJ's antitrust e-book suit against Apple (AAPL) (Bloomberg). The Justice Department claims that Apple and book publishers colluded to raise prices for digital books - a domain dominated by Amazon before Apple released the iBookStore.Google and Amazon both have something in common that I have been struggling with for awhile. First of all I am not a lawyer, so this is strictly my opinion.Complete Story »
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