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Businesses originally existed and had a profit margin. Then Amazon came along and competed directly against that profit margin so businesses lost business. Th
by ProAm 8y ago
Businesses originally existed and had a profit margin. Then Amazon came along and competed directly against that profit margin so businesses lost business. Then Amazon said you can sell on our site, but in order to compete there businesses had to compete at the new lower profit margin, but then ontop of that give a slice of that to Amazon, so now they are losing profit margin, but losing more giving amazon a slice of the pie. It will take a LOT of extra business to make that part up. Walmart is a town killer, Amazon is a business killer.
- lostmsu 8y agoWithout numbers it is unclear which effect is stronger.