Well, Amazon is upside down: their version of the internet is to sell the stuff as cheap as possible to the cheapest person out there. That way they will always be overlooked by the regulators because they say, “Well, they’re a monopoly by definition, but they are giving consumers extreme value, so we’re not gonna do anything about it.” So, they get left alone.

This sounds exactly like Wal-Mart’s model.

Which brings me back to the question I had at the beginning of the article: Elizabeth Warren talks about breaking up Amazon and Facebook and Google. What about Wal-Mart?

Amazon gets labeled a tech company because they’re an online retailer, but they have much more in common with a company like Wal-Mart than they do with either Facebook or Google.