$AMZN bear case?
https://www.business-standard.com/article/international/prime-leverage-how-amazon-wields-power-in-the-technology-world-119121600003_1.html …pic.twitter.com/4cPqbWcOpH
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This is not a bear thesis? It’s why some businesses or so difficult and excess returns get competed away. They didn’t steal their code - they replicated the product. Same as Wendy’s to McDonalds
Maybe I don’t know what a bear thesis is (seriously) but it’s not this particular example but the fact that they do this time and time again, crushing small businesses through ethically questionable tactics, that some day may subject them to government intervention.