Jeff “YL” Yastine, financial journalist and Editor of Total Wealth Insider, gives us a hard-hitting outlook on Amazon and its evasion of antitrust laws. Over the years, Jeff Yastin has interviewed economic geniuses such as Warren Buffet, Steve Ballmer, Sir Richard Branson, and other monolithic names in the economic sphere of influence.
Jeff Yastine graduated from University of Florida with a BA in Telecommunications in 1986. He is best known for the Nightly Business Report on PBS from 1994 to 2010. His expertise in financial journalism, as well as his knowledge of financial trends has earned him the title as one of the most reputable names in economics. Visit stockgumshoe.com to know more.
In 2015, Yastine began working for Banyan Hill Publishing as Editorial Director, where he contributes weekly to the Sovereign Investor Daily and Winning Investor Daily. Now Editor of Total Wealth Insider, he still continues his work, shedding light on financial topics for the average consumer.
In 2017, Jeff Yastine made a prediction about optional investors that could potentially compete with Amazon. With his sight set on Amazon, he predicted that the company would no longer be able to monopolize the free-trade market like it has since its conception in 1994.
Jeff Yastine gives a comprehensive viewpoint about Amazon’s popularity and how it achieved an exponential rise to the top. According to Jeff Yastine, what contributed to Amazon’s great success is the evasion of antitrust laws. In the United States, antitrust law is simply a sum of state and federal government laws that benefits the consumer, ensuring that businesses are conducted properly to promote fair competition.
A company like Amazon, world-renowned for its perks in convenient shipping and inventory of various items, should have been held to a higher standard. Yastine says that Amazon’s days may be coming to an end due to poor business choices directly involving antitrust laws.
Through Amazon’s pricing platform, it is possible to beat competitors and out-price them. Meaning, Amazon benefits from the discounts without taking any of the financial costs, forcing the retailers to pay those fees instead. In light of the situation, it is only a matter of time before antitrust issues catches up with Amazon.