3 ms·
Amazon accounts for 43% of online sales currently. But accounts for less than 5% of retail sales overall. Until they start hitting a bigger chunk of total sale
by Kocrachon 9y ago
Amazon accounts for 43% of online sales currently.
But accounts for less than 5% of retail sales overall. Until they start hitting a bigger chunk of total sales, I would not consider them too big to fall. Walmart is too big to fall, as it litterally controls a bunch of local economies. If Amazon closed tomorrow, there would be a shitty time in Seattle, but people would just go to Ebay, Walmart, Etsy, and Alibaba.
If WalMart closed tomorrow, a good chunk of the southern states would run into a state of emergency because the unemployment rate would skyrocket, and there would be no companies to pick up the slack locally, so local economies all across the US would crash.
Many towns would lack groceries or supplies because WalMart is all they have after WalMart ran everyone else out of business. How many businesses has Amazon shut down across the entire US?