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Response
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IP
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Profiled on
Token
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ArticleController :: show

Request

GET Parameters

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POST Parameters

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x-php-ob-level 
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Request Content

Request content not available (it was retrieved as a resource).

Response

Response Headers

Header Value
cache-control 
"no-cache, private"
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"text/html; charset=UTF-8"
date 
"Sat, 22 Feb 2025 08:36:19 GMT"
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Cookies

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Key Value
PHPSESSID 
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Response Cookies

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Session 6

Session Metadata

Key Value
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Stateless check enabled
Usage
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Symfony\Component\Security\Core\Authentication\Token\Storage\UsageTrackingTokenStorage:41
Show trace 
[
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Symfony\Component\Security\Http\Firewall\ContextListener:171
Show trace 
[
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Flashes

Flashes

No flash messages were created.

Server Parameters

Server Parameters

Defined in .env

Key Value
APP_ENV 
"dev"
APP_SECRET 
"0a988e63f011514eaabfc650b599af4d"
CORS_ALLOW_ORIGIN 
"*"
DATABASE_URL 
"mysql://bbndb_rctuser:33F5W25z40or0f7@localhost:3306/rct_bbntimes"
GOOGLE_RECAPTCHA_SECRET_KEY 
"6LdV5fgpAAAAANxzTG8ZMfIjil1wu-1vrQvnUt-x"
GOOGLE_RECAPTCHA_SITE_KEY 
"6LdV5fgpAAAAAENKcn73MJAhQrbtQeqgyC4wDLMP"
MAILER_DSN 
"smtp://no-reply%40rct.dev.bbntimes.com:Bl6%26gLD48%26Of919@rct.dev.bbntimes.com:465"
MARIADB_PASSWORD 
"i!87pK&!85ezc8"

Defined as regular env variables

Key Value
APP_DEBUG 
"1"
BASE 
"/public"
CONTEXT_DOCUMENT_ROOT 
"/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com"
CONTEXT_PREFIX 
""
DOCUMENT_ROOT 
"/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com"
FCGI_ROLE 
"RESPONDER"
GATEWAY_INTERFACE 
"CGI/1.1"
HTTPS 
"on"
HTTP_ACCEPT 
"*/*"
HTTP_ACCEPT_ENCODING 
"gzip, br, zstd, deflate"
HTTP_CONNECTION 
"close"
HTTP_COOKIE 
"PHPSESSID=qlq44i7upmbidls7p8e13j1llg"
HTTP_HOST 
"rct.dev.bbntimes.com"
HTTP_USER_AGENT 
"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)"
PASSENGER_COMPILE_NATIVE_SUPPORT_BINARY 
"0"
PASSENGER_DOWNLOAD_NATIVE_SUPPORT_BINARY 
"0"
PATH 
"/usr/local/sbin:/usr/local/bin:/usr/sbin:/usr/bin:/sbin:/bin:/snap/bin"
PHP_SELF 
"/public/index.php"
PP_CUSTOM_PHP_CGI_INDEX 
"plesk-php81-fastcgi"
PP_CUSTOM_PHP_INI 
"/var/www/vhosts/system/rct.dev.bbntimes.com/etc/php.ini"
QUERY_STRING 
""
REDIRECT_BASE 
"/public"
REDIRECT_HTTPS 
"on"
REDIRECT_PASSENGER_COMPILE_NATIVE_SUPPORT_BINARY 
"0"
REDIRECT_PASSENGER_DOWNLOAD_NATIVE_SUPPORT_BINARY 
"0"
REDIRECT_REDIRECT_HTTPS 
"on"
REDIRECT_REDIRECT_PASSENGER_COMPILE_NATIVE_SUPPORT_BINARY 
"0"
REDIRECT_REDIRECT_PASSENGER_DOWNLOAD_NATIVE_SUPPORT_BINARY 
"0"
REDIRECT_REDIRECT_SCRIPT_URI 
"https://rct.dev.bbntimes.com/global-economy/initial-reactions-to-the-amazon-antitrust-case"
REDIRECT_REDIRECT_SCRIPT_URL 
"/global-economy/initial-reactions-to-the-amazon-antitrust-case"
REDIRECT_REDIRECT_SSL_TLS_SNI 
"rct.dev.bbntimes.com"
REDIRECT_REDIRECT_STATUS 
"200"
REDIRECT_REDIRECT_UNIQUE_ID 
"Z7mMgriBoyj8JZ8-HGxtygAAAAQ"
REDIRECT_SCRIPT_URI 
"https://rct.dev.bbntimes.com/global-economy/initial-reactions-to-the-amazon-antitrust-case"
REDIRECT_SCRIPT_URL 
"/global-economy/initial-reactions-to-the-amazon-antitrust-case"
REDIRECT_SSL_TLS_SNI 
"rct.dev.bbntimes.com"
REDIRECT_STATUS 
"200"
REDIRECT_UNIQUE_ID 
"Z7mMgriBoyj8JZ8-HGxtygAAAAQ"
REDIRECT_URL 
"/public/global-economy/initial-reactions-to-the-amazon-antitrust-case"
REMOTE_ADDR 
"18.191.212.245"
REMOTE_PORT 
"27563"
REQUEST_METHOD 
"GET"
REQUEST_SCHEME 
"https"
REQUEST_TIME 
1740213378
REQUEST_TIME_FLOAT 
1740213378.1493
REQUEST_URI 
"/global-economy/initial-reactions-to-the-amazon-antitrust-case"
SCRIPT_FILENAME 
"/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/public/index.php"
SCRIPT_NAME 
"/public/index.php"
SCRIPT_URI 
"https://rct.dev.bbntimes.com/global-economy/initial-reactions-to-the-amazon-antitrust-case"
SCRIPT_URL 
"/global-economy/initial-reactions-to-the-amazon-antitrust-case"
SERVER_ADDR 
"5.196.1.209"
SERVER_ADMIN 
"[no address given]"
SERVER_NAME 
"rct.dev.bbntimes.com"
SERVER_PORT 
"443"
SERVER_PROTOCOL 
"HTTP/1.1"
SERVER_SIGNATURE 
"<address>Apache Server at rct.dev.bbntimes.com Port 443</address>\n"
SERVER_SOFTWARE 
"Apache"
SSL_TLS_SNI 
"rct.dev.bbntimes.com"
SYMFONY_DOTENV_VARS 
"APP_ENV,APP_SECRET,DATABASE_URL,MARIADB_PASSWORD,CORS_ALLOW_ORIGIN,MAILER_DSN,GOOGLE_RECAPTCHA_SECRET_KEY,GOOGLE_RECAPTCHA_SITE_KEY"
UNIQUE_ID 
"Z7mMgriBoyj8JZ8-HGxtygAAAAQ"

Sub Requests 6

ArticleController :: relatedArticles (token = 4cb178)

Key Value
_controller 
"App\Controller\ArticleController::relatedArticles"
_format 
"html"
_locale 
"en"
_stopwatch_token 
"00928f"
current_article 
App\Entity\Article {#1094
  -id: 1556
  -title: "Tax Day and Hedge Funds"
  -slug: "1bn-check-no-good-for-irs"
  -introtext: "<p>Tomorrow is Tax Day in the United States. April 17, 2018 is the day the approximately 150mn individual taxpayers in the US are obliged to file their tax return or request and extension.</p>\r\n"
  -content: """
    \r\n
    <p>Extending the filing date does not excuse any amount owed: an estimated payment must be made. If more is owed than was estimated, interest will be owed on the balance. For many taxpayers, Tax Day is a high stress occasion requiring a massive exercise in sorting through paperwork and filling in the dreaded Form 1040 – or at least working though one of the many tax preparation programs. Perhaps late nights are involved. The reality is that a day of interest owed on the average tax bill of $12,000 is not a big deal.</p>\r\n
    <p>For hedge fund manager, John Paulson, however, late payment would be more costly. It is estimated that he must pay approximately $1bn in taxes by Tax Day 2018. There is perhaps no more signal evidence of the unequal distribution of income than a tax payment of this magnitude by one individual. How did this happen?</p>\r\n
    <p>Paulson founded his hedge fund in 1994 but only became famous in 2007 when he foresaw the subprime mortgage crisis and bet against mortgage-backed securities by using credit default swaps – instruments that paid the holder when the underlying securities lost value. He profited from the mortgage crisis to the extent of $4bn personally. He is reputed to have made approximately $15bn for his investors. He personally earned another $5bn in 2010 and, at its peak; his fund managed $36bn in investment capital. The fund has struggled since and is estimated to have had approximately $10bn in assets under management at the end of 2017.</p>\r\n
    <p>As is the case with many hedge fund managers, Paulson earns his money in three ways: he earns a management fee (the so-called 2%); a carried interest (the 20%) and he earns money on the investment of his own capital alongside that of his investors. Until recently, under a provision – IRC Section 457A enacted in 2008 – hedge fund managers have been able to defer taxation on their earned income (the 2% and 20%).</p>\r\n
    <p>This tax break was available because the typical structure of a hedge fund has two basic channels for gathering investment capital: the first, for domestic US investors, is a domestic limited partnership, a pass-through structure that passes the taxable income and losses of a fund through to its limited partner investors; the second, for foreign investors and tax-exempt US investors, is a foreign investment vehicle based in a tax-haven jurisdiction, not to avoid taxes but rather to ensure that the investors are taxed only once – in their ultimate home jurisdiction, for foreign taxable investors – and, for tax-exempt US investors such as pension funds, to ensure there is no ‘accidental’ taxation in the form of unrelated business taxable income.</p>\r\n
    <p>It was permitted under IRC Section 457A for hedge fund managers to direct the income (2 and 20) that they earned from their investors into these foreign vehicles (foreign feeders), thus deferring tax on the income and reinvesting the money tax deferred, much like a 401(k). Like a 401(k), the funds would be taxable as ordinary income at some point. In the case of hedge fund managers, according to IRC Section 457A, that date was December 31, 2017. On that date, the tax-deferred funds were deemed repatriated and tax owed.</p>\r\n
    <p>The Joint Committee on Taxation estimated it would collect tax of around $11bn, implying taxable income of $28bn. Many hedge funds were offered creative ways to avoid this tax bill. Several of these involved collaborating with taxpayers with large net operating losses. Such deals were hard to structure and required real commercial joint ventures. The focus needed to consummate such joint ventures was in short supply. Many managers who succeeded in avoiding tax on this deferred income were obliged to enter into transactions involving giving the money away as part of elaborate estate planning strategies.</p>\r\n
    <p>Paulson, apparently, chose not to avoid the tax but rather to pay it. Perhaps the benefit of having invested his nearly $9bn tax deferred for between 7-10 years was profitable enough even after paying the $1bn in taxes. One small wrinkle is that he must use at least two checks – the IRS does not accept more than nine-digit tax payments.</p>
    """
  -user: Proxies\__CG__\App\Entity\User {#1092 …}
  -createdAt: DateTime @1523888013 {#1145
    date: 2018-04-16 14:13:33.0 UTC (+00:00)
  }
  -updatedAt: DateTime @1523888168 {#1150
    date: 2018-04-16 14:16:08.0 UTC (+00:00)
  }
  -deletedAt: null
  -category: App\Entity\Category {#445 …}
  -status: "published"
  -imageCard: Proxies\__CG__\App\Entity\File {#1184 …}
  -ImageHeader: Proxies\__CG__\App\Entity\File {#1184 …}
  -featured: false
  -mainView: false
  -clicks: 3634
  -comments: Doctrine\ORM\PersistentCollection {#1125 …}
  -reviewed_at: DateTime @1523888016 {#1148
    date: 2018-04-16 14:13:36.0 UTC (+00:00)
  }
  -metakey: ""
  -metadesc: "It is Tax Day in the United States. April 17, 2018 is the day the approximately 150mn individual taxpayers in the US are obliged to file their tax return or request and extension."
  -robots: null
  -publishedAt: DateTime @1523888016 {#1147
    date: 2018-04-16 14:13:36.0 UTC (+00:00)
  }
  -canonical: null
  -superTag: "Taxation"
}

AppController :: renderHeader (token = fd7753)

Key Value
_controller 
"App\Controller\AppController::renderHeader"
_format 
"html"
_locale 
"en"
_stopwatch_token 
"f389ca"
slug 
"home"

ArticleController :: trendingArticle (token = 625e5b)

Key Value
_controller 
"App\Controller\ArticleController::trendingArticle"
_format 
"html"
_locale 
"en"
_stopwatch_token 
"616d76"
category 
"Global Economy"

ArticleController :: relatedArticles (token = 12271b)

Key Value
_controller 
"App\Controller\ArticleController::relatedArticles"
_format 
"html"
_locale 
"en"
_stopwatch_token 
"82f993"
current_article 
App\Entity\Article {#1094
  -id: 15529
  -title: "Initial Reactions to the Amazon Antitrust Case"
  -slug: "initial-reactions-to-the-amazon-antitrust-case"
  -introtext: "<p>The Federal Trade Commission and 17 state attorneys general have sued Amazon.com, as&nbsp;<a href="https://www.ftc.gov/news-events/news/press-releases/2023/09/ftc-sues-amazon-illegally-maintaining-monopoly-power" target="_blank" rel="noopener">the FTC press release</a>&nbsp;says, “alleging that the online retail and technology company is a monopolist that uses a set of interlocking anticompetitive and unfair strategies to illegally maintain its monopoly power.”</p>\r\n"
  -content: """
    \r\n
    <p>The&nbsp;<a title="" href="https://www.ftc.gov/system/files/ftc_gov/pdf/1910129AmazoneCommerceComplaintPublic.pdf">FTC complaint filed with the US District Court for Western Washington is here</a>. A&nbsp;<a href="https://www.aboutamazon.com/news/company-news/amazon-ftc-antitrust-lawsuit-full-response" target="_blank" rel="noopener">first reaction from the bigwigs at Amazon is here</a>. I’m still digesting the arguments, but here, I’ll offer some initial reactions about what to watch as the case–and the reporting on the case–proceeds.</p>\r\n
    <p>1) Being a monopolist is not illegal under antitrust law. If a firm achieves a monopoly by providing a highly desired set of goods and services, that is legal and allowed. However, a firm with a dominant position does become limited in how it seeks to defend its monopoly and to fight off potential new entrants. I’ve seen a number of headlines that refer to the case as an “anti-monopoly” case, which isn’t quite right. Instead, it’s about actions to prevent potential competitors. As the FTC press release notes: “The&nbsp;<a href="https://www.ftc.gov/system/files/ftc_gov/pdf/1910129AmazoneCommerceComplaintPublic.pdf" target="_blank" rel="noopener">complaint alleges</a>&nbsp;that Amazon violates the law not because it is big, but because it engages in a course of exclusionary conduct that prevents current competitors from growing and new competitors from emerging.” Or as the legal complaint says more formally: “This case is about the illegal course of exclusionary conduct Amazon deploys to block competition, stunt rivals’ growth, and cement its dominance.”</p>\r\n
    <p>2) Thus, this antitrust case is not about “breaking up Amazon.” It is about whether Amazon needs to stop certain business practices.</p>\r\n
    <p>3) What does the FTC point to as the “exclusionary practices”? As best as I can tell, it boils down to alleged actions that discourage third-party firms that sell on Amazon from selling at a lower price on other websites, and pressures from Amazon to have third-party firms use Amazon’s “Prime” shipping service and to advertise on Amazon.</p>\r\n
    <p>4) Many retailers offer some form of “price match guarantee,” in the form of “if you find the same item for a lower price, we will match that lower price.” But economists have observed for some time that price matching can have anti-competitive aspects. Consider the case of an incumbent airline with most of the traffic between two cities. A new airline starts up, offering a lower price. The incumbent airline matches the lower price, so the new airline can’t attract customers. And when the new airline goes out of business, the incumbent firm can then raise prices again.</p>\r\n
    <p>In its original form, <a href="companies/ftc-and-17-states-sue-amazon-over-monopoly-allegations#:~:text=In%20a%20significant%20move%2C%20the,behavior%20that%20harms%20fair%20competition." target="_blank" rel="noopener">Amazon</a> sold Amazon-branded goods. Starting in 1999, it started selling third-party goods as well. The Amazon response says that these third parties now consist of 500,000 companies that account for 60% of total sales on the Amazon website. Thus, in some cases, it seems possible that Amazon-branded goods would be in competition with third-party goods. A scenario could unfold where, if Amazon continually matches any price cuts from others, the others would learn that there isn’t any business to be gained by cutting prices.</p>\r\n
    <p>5) Because Amazon (of course) controls the formatting of the website, it has the power to list third-party sellers either higher or lower in the search results. It can list firms more highly if they pay Amazon for advertising. It also can offer links to its “Prime” shipping service, so that customers may find it easier to buy from a firm that is directly linked to Prime shipping, and harder to buy from firms that use other shipping. In other words, Amazon has some power to levy charges on its third-party sellers. The FTC complaint asserts: “For example, Amazon has hiked so steeply the fees it charges sellers that it now reportedly takes close to half of every dollar from the typical seller that uses Amazon’s fulfillment service.” (It’s worth noting that the word “reportedly” carries some heavy weight in that sentence.)</p>\r\n
    <p>6) Putting these pieces together, the FTC claim is that many small retailers feel that they have to be on Amazon, because it’s where the customers are. However, many small retailers also feel mistreated by Amazon: discouraged from cutting prices, and under pressure to pay fees to use Amazon-owned shipping and advertising. As a result, the argument goes, these retailers are constrained from offering lower prices and perhaps a wider range of services to customers. But it seems fair to say that the primary focus of the complaint is not on customers directly, but on how third-party sellers are unfairly treated by Amazon.</p>\r\n
    <p>7) In some ways, this case is about the multiple kinds of fees that Amazon charges its third-party sellers, and the interaction of these fees. The FTC complaint says: “Amazon charges sellers four primary fees to sell on its Marketplace. First, Amazon requires sellers to pay a selling fee, which can be a monthly fee or a fee for each item sold. Second, Amazon charges all sellers a commission or “referral fee” based on the price of each item sold on Amazon. Third, Amazon charges sellers for the use of Amazon’s fulfillment and delivery services. Fourth, Amazon charges sellers for advertising services.” So, if a firm pays Amazon the basic selling and referral fees, but doesn’t advertise with Amazon, then is it “unfair” if firms that do advertise are featured more prominently?</p>\r\n
    <p>8) At least some of these accusations seem to me to be illuminated by the factual record. For example, Amazon says: “The FTC’s allegation that we somehow force sellers to use our optional services is simply not true. Sellers have choices, and many succeed in our store using other logistics services or choosing not to advertise with us. We also enable sellers to use the trusted Prime badge when other logistics services are able to meet our Prime customers’ high expectations for fast, reliable delivery.” I’m sure that third-firms selling on Amazon technically have the ability to use methods of delivery other than Prime, and that they are not technically required to advertise on Amazon. But it would be interesting to know how many firms exercise those choices–and to see some systematic evidence on whether Amazon uses its power over formatting the website to pressure third-party sellers.</p>\r\n
    <p>9) Amazon also argues that in exchange for fees, its third-party sellers receive an array of other business management services: “We have invested billions of dollars in people, resources, and services to support sellers at every stage of their journey. We regularly provide them with new data and insights about selling on Amazon, the capability to tailor products and listings to customer needs, and recommendations and advice to help grow their businesses. We also offer features that help sellers create and manage product listings, track sales, fulfill orders, respond to customers, and more.” Again, I’m sure all of these services are available, but it would be interesting to see evidence on how widely such services are used and valued by third-party sellers.</p>\r\n
    <p>9) A standard issue in antitrust cases is an argument over the size of the market. For example, way back in 1987 there was a merger between two intercity bus companies: Greyhound and Trailways. The government antitrust authorities argued that this would give the merged company a monopoly over intercity bus traffic. The companies argued that the relevant market for their case was not intercity bus traffic, but all methods of intercity transportation: private car, rental car, charter bus, limo, taxi, rail, and plane. Within this much broader context of all intercity transportation, the merged Greyhound-Trailways firm had only a small share of the market.</p>\r\n
    <p>In the Amazon case, the FTC asserts at several points that Amazon is a monopolist; in particular, that it has monopoly power in the “online superstore market.” Amazon seems certain to argue for a broader conception of the retail market as a whole. As Amazon writes in its response: “Consumers today still buy over 80% of all retail products&nbsp;<a href="https://www.aboutamazon.com/news/company-news/amazon-ceo-andy-jassy-2022-letter-to-shareholders" target="_blank" rel="noopener">in physical stores.</a>&nbsp;And as any shopper knows, you can buy the same products at any number of different retailers that compete vigorously with each other, including brick-and-mortar stores, online stores, and quickly growing hybrid models like buy-online-pick-up-in-store.” I expect Amazon to argue that even within the “online superstore market” it has serious competitors like WalMart, and in the overall market for retail sales, Amazon is a relatively small part.</p>\r\n
    <p>10) What is Project Nessie? The FTC legal complaint refers at a number of places to how Amazon uses “Project Nessie” as part of its pattern of exclusionary conduct. However, when the FTC releases a legal complaint, the subject of the complaint can request to have certain parts of the complaint that might provide information about the inner workings of the firm redacted. Thus, when you look at the section of the FTC complaint about Project Nessie, it looks like this:</p>\r\n
    <p><img src="/images/nessie-1.jpg" alt="nessie-1.jpg" width="711" height="297" /></p>\r\n
    <p>&nbsp;</p>\r\n
    <p><img src="/images/nessie-2.jpg" alt="nessie-2.jpg" width="730" height="1028" /></p>\r\n
    <p>At the TechCrunch website,&nbsp;<a href="https://techcrunch.com/2023/09/26/what-is-amazons-redacted-project-nessie-algorithm/" target="_blank" rel="noopener">Devin Coldewey looks for clues to answer the question, “What is Amazon’s [redacted] ‘Project Nessie’ algorithm?”</a>&nbsp;As Coldewey, it seems likely to be an algorithm that either manipulates prices (maybe up a little and down a little when profitable) or search (to favor Amazon products or third-party firms that advertise with Amazon)–but perhaps could be something more arcane. In the next few weeks, and especially if the case eventually goes to trial, we are likely to learn more about Project Nessie.</p>\r\n
    <p>11) I wouldn’t be at all surprised if, when all is said and done, the FTC case causes Amazon to announce that it is altering some of its business practices. Given the internal pressures at Amazon (as at any company) to increase profits, I wouldn’t be at all surprised if some of the algorithm designers did things that–when viewed in the cold light of day–qualify as “exclusionary conduct.” I also wouldn’t be at all surprised if such actions happen in the form of a settlement in which Amazon does not admit any guilt. In Amazon’s relationship with its third-party sellers, it has power to adjust multiple fees, multiple services, along with search results and website presentation. My guess is that even when or if the FTC pressures Amazon to change some of its practices, it will be able to pivot to other choices that have similar effects.</p>\r\n
    <p>Remember the major antitrust case against Microsoft, settled in 2001?&nbsp;<a href="https://www.fool.com/research/largest-companies-by-market-cap/" target="_blank" rel="noopener">Here in 2023, Microsoft is the second-largest company in the world by market capitalization</a>, a tick behind Apple and a tick ahead of Saudi Arabian Oil. After all the sound and fury, I don’t expect that this particular lawsuit will have much affect on Amazon a few years down the road, either.</p>
    """
  -user: Proxies\__CG__\App\Entity\User {#1092 …}
  -createdAt: DateTime @1695896846 {#1145
    date: 2023-09-28 10:27:26.0 UTC (+00:00)
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  -updatedAt: DateTime @1695896860 {#1150
    date: 2023-09-28 10:27:40.0 UTC (+00:00)
  }
  -deletedAt: null
  -category: App\Entity\Category {#445 …}
  -status: "published"
  -imageCard: Proxies\__CG__\App\Entity\File {#1184 …}
  -ImageHeader: Proxies\__CG__\App\Entity\File {#1184 …}
  -featured: false
  -mainView: false
  -clicks: 1913
  -comments: Doctrine\ORM\PersistentCollection {#1125 …}
  -reviewed_at: DateTime @1695896846 {#1148
    date: 2023-09-28 10:27:26.0 UTC (+00:00)
  }
  -metakey: "Initial Reactions to the Amazon Antitrust Case"
  -metadesc: "The Federal Trade Commission and 17 state attorneys general have sued Amazon.com, as\u{A0}the FTC press release\u{A0}says, “alleging that the online retail and technology company is a monopolist that uses a set of interlocking anticompetitive and unfair strategies to illegally maintain its monopoly power.”"
  -robots: null
  -publishedAt: DateTime @1695896846 {#1147
    date: 2023-09-28 10:27:26.0 UTC (+00:00)
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AppController :: renderFooter (token = 737620)

Key Value
_controller 
"App\Controller\AppController::renderFooter"
_format 
"html"
_locale 
"en"
_stopwatch_token 
"c18aad"

CookieController :: renderCookie (token = 5f41f9)

Key Value
_controller 
"App\Controller\CookieController::renderCookie"
_format 
"html"
_locale 
"en"
_stopwatch_token 
"ef2502"