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I don’t really think Amazon has a monopoly. They control 5% of all retail, and like 50% of e-commerce. It’s far from a winner take all point too, I think there
by mlazos 8y ago
I don’t really think Amazon has a monopoly. They control 5% of all retail, and like 50% of e-commerce. It’s far from a winner take all point too, I think there will be a lot of fragmentation in the next few years with niche sellers like Etsy becoming more popular.
- tomohawk 8y agoThis is an article from 2014: https://www.theatlantic.com/business/archive/2014/05/amazon-has-basically-no-competition-among-online-booksellers/371917/ https://www.theatlantic.com/business/archive/2014/05/amazon-... At that time, they controlled 65% plus of the online book market. Do you think it is less now? They basically have no competition. A monopoly does not require 100%. For example, the Sherman Antitrust Act defines it as 75%. But, it's obvious that they are a monopolist in this area.
- shadowbannedtoo 8y ago"And 50% of e-commerce." That sounds like a monopoly. Esty got the kiss of death. Basically, the products are mass produced in China. (I'm hellbanned? Long Dong doesn't like me? I don't know I even bother to post?)